Wall Street Zen upgraded shares of ASE Technology (NYSE:ASX – Free Report) from a hold rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.
ASX has been the subject of several other research reports. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 22nd. 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. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, ASE Technology presently has an average rating of “Strong Buy”.
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ASE Technology Stock Down 11.4%
Shares of NYSE:ASX opened at $39.47 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.81 and a current ratio of 1.07. ASE Technology has a 1 year low of $13.35 and a 1 year high of $47.93. The stock has a market capitalization of $88.23 billion, a P/E ratio of 36.89 and a beta of 1.66. The stock has a 50-day simple moving average of $41.48 and a 200-day simple moving average of $33.21.
ASE Technology (NYSE:ASX – Get Free Report) last posted its earnings results on Thursday, October 29th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. ASE Technology had a net margin of 9.77% and a return on equity of 19.68%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.30 billion. Equities analysts forecast that ASE Technology will post 1.27 earnings per share for the current year.
Institutional Investors Weigh In On ASE Technology
Large investors have recently modified their holdings of the stock. Ancora Advisors LLC purchased a new stake in ASE Technology during the 2nd quarter worth $33,000. Curry Webb Wealth Management LLC acquired a new position in ASE Technology in the 3rd quarter worth $40,000. IFP Advisors Inc boosted its position in ASE Technology by 107.7% in the 2nd quarter. IFP Advisors Inc now owns 947 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 491 shares during the last quarter. Root Financial Partners LLC purchased a new position in ASE Technology in the 3rd quarter valued at about $44,000. Finally, Bessemer Group Inc. boosted its position in ASE Technology by 135.4% in the 1st quarter. Bessemer Group Inc. now owns 1,438 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 827 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.
Key ASE Technology News
Here are the key news stories impacting ASE Technology this week:
- Positive Sentiment: ASE reported third-quarter revenue of NT$244.2 billion, up 44.8% year over year and 27.8% sequentially. Earnings reached $0.37 per share, exceeding the $0.34 consensus estimate, while revenue of $7.66 billion also topped expectations. ASE Technology third-quarter financial results
- Positive Sentiment: Management raised its 2026 LEAP revenue outlook to more than $4 billion, reflecting strong demand. It also expects fourth-quarter revenue to grow 6% to 8% sequentially, supporting continued momentum in advanced semiconductor packaging and testing. ASE Technology LEAP outlook
- Neutral Sentiment: The earnings beat was substantial compared with the prior-year quarter, when ASE earned $0.16 per share. However, the stock’s elevated valuation means investors may have been expecting strong results and guidance.
- Negative Sentiment: ASE said it is operating at full capacity, creating near-term constraints that could limit its ability to immediately capitalize on demand. The company also indicated that higher investment and spending will shape its 2027 plans, raising concerns about capital intensity and future margins. ASE Technology earnings call highlights
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 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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