ASE Technology (NYSE:ASX) Shares Gap Down – Here’s Why

Posted by Brian Himes on May 18th, 2026

ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $33.81, but opened at $32.25. ASE Technology shares last traded at $31.6950, with a volume of 1,535,320 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on ASX. Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

View Our Latest Research Report on ASX

ASE Technology Stock Down 7.0%

The firm’s fifty day moving average is $26.30 and its 200-day moving average is $20.83. The company has a market capitalization of $69.94 billion, a P/E ratio of 46.26, a price-to-earnings-growth ratio of 0.68 and a beta of 1.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.15.

ASE Technology (NYSE:ASX – Get Free Report) last issued its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.32 billion. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. As a group, equities research analysts predict that ASE Technology Holding Co., Ltd. will post 1.05 EPS for the current year.

Hedge Funds Weigh In On ASE Technology

A number of institutional investors and hedge funds have recently bought and sold shares of ASX. Quantinno Capital Management LP raised its position in ASE Technology by 37.8% in the first quarter. Quantinno Capital Management LP now owns 588,182 shares of the semiconductor company’s stock valued at $12,752,000 after purchasing an additional 161,471 shares during the last quarter. Bridgewater Advisors Inc. grew its holdings in shares of ASE Technology by 29.0% during the first quarter. Bridgewater Advisors Inc. now owns 39,743 shares of the semiconductor company’s stock worth $862,000 after purchasing an additional 8,933 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of ASE Technology in the first quarter valued at approximately $8,932,000. Compound Planning Inc. increased its stake in shares of ASE Technology by 19.8% in the first quarter. Compound Planning Inc. now owns 51,484 shares of the semiconductor company’s stock valued at $1,116,000 after buying an additional 8,509 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in ASE Technology in the 1st quarter valued at approximately $10,436,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

About ASE Technology

(Get Free Report)

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.