Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Free Report) gapped down prior to trading on Thursday. The stock had previously closed at $44.33, but opened at $41.54. ASE Technology shares last traded at $41.0680, with a volume of 3,245,869 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Weiss Ratings raised ASE Technology from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, October 9th. Finally, Zacks Research upgraded ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy”.
Read Our Latest Report on ASE Technology
ASE Technology Price Performance
The firm has a market cap of $92.15 billion, a price-to-earnings ratio of 47.85 and a beta of 1.66. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54. The business’s 50-day simple moving average is $40.76 and its two-hundred day simple moving average is $36.84.
ASE Technology (NYSE:ASX – Get Free Report) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. ASE Technology had a net margin of 8.52% and a return on equity of 16.12%. The business had revenue of $81.66 million during the quarter, compared to the consensus estimate of $5.96 billion. As a group, research analysts expect that ASE Technology Holding Co., Ltd. will post 1.26 EPS for the current fiscal year.
Institutional Trading of ASE Technology
Several large investors have recently made changes to their positions in ASX. Arrowstreet Capital Limited Partnership acquired a new position in shares of ASE Technology during the first quarter worth approximately $10,436,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in ASE Technology during the 1st quarter valued at about $8,932,000. Nykredit A S purchased a new position in shares of ASE Technology during the second quarter valued at approximately $14,247,000. Hsbc Holdings PLC grew its holdings in ASE Technology by 17.3% during the fourth quarter. Hsbc Holdings PLC now owns 1,873,784 shares of the semiconductor company’s stock worth $30,147,000 after buying an additional 276,926 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in ASE Technology by 37.8% in the 1st quarter. Quantinno Capital Management LP now owns 588,182 shares of the semiconductor company’s stock valued at $12,752,000 after buying an additional 161,471 shares during the last quarter. 6.80% of the stock is currently owned by institutional investors and hedge funds.
About ASE Technology
ASE Technology Holding Co, Ltd. is a Taiwan-based provider of semiconductor manufacturing services. Through its subsidiaries, the company offers outsourced semiconductor assembly and testing (OSAT) services, helping chip manufacturers package and test integrated circuits before they are incorporated into electronic products.
Its services include wafer probing, wafer bumping, flip-chip and wire-bond packaging, system-in-package and other advanced packaging technologies, as well as final testing and related engineering services.
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