Ninety One North America Inc. Has $2.82 Million Stock Position in ASE Technology Holding Co., Ltd. $ASX

Ninety One North America Inc. reduced its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 6.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 272,528 shares of the semiconductor company’s stock after selling 18,902 shares during the quarter. Ninety One North America Inc.’s holdings in ASE Technology were worth $2,815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASX. Acadian Asset Management LLC lifted its stake in shares of ASE Technology by 35.0% in the first quarter. Acadian Asset Management LLC now owns 10,973,038 shares of the semiconductor company’s stock worth $96,110,000 after acquiring an additional 2,842,631 shares during the period. Millennium Management LLC lifted its stake in shares of ASE Technology by 111.1% in the first quarter. Millennium Management LLC now owns 3,836,018 shares of the semiconductor company’s stock worth $33,604,000 after acquiring an additional 2,018,815 shares during the period. Jane Street Group LLC lifted its stake in shares of ASE Technology by 218.9% in the first quarter. Jane Street Group LLC now owns 1,452,919 shares of the semiconductor company’s stock worth $12,728,000 after acquiring an additional 997,259 shares during the period. TT International Asset Management LTD lifted its stake in shares of ASE Technology by 19,539.4% in the second quarter. TT International Asset Management LTD now owns 883,968 shares of the semiconductor company’s stock worth $9,131,000 after acquiring an additional 879,467 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of ASE Technology by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock worth $50,591,000 after acquiring an additional 780,651 shares during the period. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Price Performance

Shares of ASX opened at $11.09 on Wednesday. ASE Technology Holding Co., Ltd. has a 52-week low of $6.94 and a 52-week high of $11.84. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 1.02. The business’s 50 day moving average price is $10.49 and its two-hundred day moving average price is $9.84. The firm has a market cap of $24.48 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 0.62 and a beta of 1.34.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $150.44 billion. On average, equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.