Bank Pictet & Cie Europe AG lessened its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX – Free Report) by 26.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,020 shares of the semiconductor company’s stock after selling 28,844 shares during the period. Bank Pictet & Cie Europe AG’s holdings in ASE Technology were worth $3,647,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Ancora Advisors LLC bought a new position in ASE Technology during the 2nd quarter worth approximately $33,000. IFP Advisors Inc increased its stake in ASE Technology by 107.7% in the 2nd quarter. IFP Advisors Inc now owns 947 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 491 shares during the period. Bessemer Group Inc. increased its stake in ASE Technology by 135.4% in the 1st quarter. Bessemer Group Inc. now owns 1,438 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 827 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in ASE Technology by 180,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,810 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 1,809 shares during the last quarter. Finally, Polaris Financial Partners bought a new stake in ASE Technology in the third quarter valued at approximately $91,000. 6.80% of the stock is currently owned by hedge funds and other institutional investors.
ASE Technology Trading Up 0.8%
Shares of NYSE:ASX traded up $0.34 on Tuesday, hitting $41.14. The company had a trading volume of 2,337,659 shares, compared to its average volume of 8,497,011. The firm’s 50-day simple moving average is $40.95 and its two-hundred day simple moving average is $37.25. The firm has a market capitalization of $91.96 billion, a price-to-earnings ratio of 47.76 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. ASE Technology Holding Co., Ltd. has a 1 year low of $12.31 and a 1 year high of $47.93.
ASE Technology (NYSE:ASX – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. ASE Technology had a net margin of 8.52% and a return on equity of 16.12%. The company had revenue of $81.66 million for the quarter, compared to analysts’ expectations of $5.96 billion. Equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 1.26 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Wall Street Zen cut shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Weiss Ratings raised shares of ASE Technology from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Finally, Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.
ASE Technology Company Profile
ASE Technology Holding Co, Ltd. is a Taiwan-based provider of semiconductor manufacturing services. Through its subsidiaries, the company offers outsourced semiconductor assembly and test services, helping chip designers and manufacturers package, assemble and evaluate integrated circuits after wafer fabrication.
Its services include wafer probing, wafer bumping, semiconductor packaging, final testing and advanced packaging technologies such as flip-chip, system-in-package and fan-out solutions.
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