Greenspring Advisors LLC Buys New Shares in ASE Technology Holding Co., Ltd. $ASX

Greenspring Advisors LLC bought a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASXFree Report) in the 4th quarter, HoldingsChannel reports. The firm bought 18,021 shares of the semiconductor company’s stock, valued at approximately $290,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new stake in ASE Technology during the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC lifted its stake in ASE Technology by 1,704.8% during the third quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 2,506 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of ASE Technology during the fourth quarter valued at approximately $32,000. SBI Securities Co. Ltd. raised its holdings in shares of ASE Technology by 256.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 1,795 shares during the period. Finally, WealthCollab LLC raised its holdings in shares of ASE Technology by 55.2% during the second quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,726 shares during the period. 6.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a 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. One 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Get Our Latest Analysis on ASE Technology

ASE Technology Stock Down 3.9%

NYSE:ASX opened at $38.35 on Friday. The firm has a market capitalization of $85.28 billion, a price-to-earnings ratio of 56.40, a PEG ratio of 0.80 and a beta of 1.72. ASE Technology Holding Co., Ltd. has a 1-year low of $9.30 and a 1-year high of $41.10. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The business’s fifty day moving average price is $30.44 and its 200 day moving average price is $22.93.

ASE Technology (NYSE:ASXGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 13.48% and a net margin of 7.03%. On average, sell-side analysts forecast that ASE Technology Holding Co., Ltd. will post 1.05 earnings per share for the current fiscal year.

ASE Technology Profile

(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.

Further Reading

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Institutional Ownership by Quarter for ASE Technology (NYSE:ASX)

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