ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Free Report) saw some unusual options trading on Monday. Traders purchased 10,723 call options on the company. This represents an increase of approximately 103% compared to the typical volume of 5,270 call options.
ASE Technology Trading Up 8.9%
Shares of NYSE:ASX traded up $3.61 during trading on Monday, reaching $44.17. 5,520,268 shares of the company were exchanged, compared to its average volume of 8,523,400. The business’s fifty day simple moving average is $33.72 and its 200-day simple moving average is $24.69. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89. ASE Technology has a 12-month low of $9.30 and a 12-month high of $44.27. The firm has a market capitalization of $98.21 billion, a PE ratio of 64.99, a P/E/G ratio of 1.04 and a beta of 1.72.
ASE Technology (NYSE:ASX – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%.The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.32 billion. On average, research analysts anticipate that ASE Technology will post 0.82 EPS for the current year.
ASE Technology Increases Dividend
Wall Street Analyst Weigh In
A number of analysts have weighed in on ASX shares. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of ASE Technology in a research note on Tuesday, June 9th. Finally, Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.
Check Out Our Latest Stock Report on ASX
Hedge Funds Weigh In On ASE Technology
Hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of ASE Technology by 48.7% during the first quarter. Parallel Advisors LLC now owns 38,616 shares of the semiconductor company’s stock valued at $837,000 after buying an additional 12,641 shares during the period. NewEdge Advisors LLC raised its holdings in shares of ASE Technology by 35.4% in the first quarter. NewEdge Advisors LLC now owns 18,512 shares of the semiconductor company’s stock valued at $401,000 after acquiring an additional 4,843 shares in the last quarter. Amundi lifted its stake in ASE Technology by 66.2% in the first quarter. Amundi now owns 285,688 shares of the semiconductor company’s stock worth $6,194,000 after acquiring an additional 113,758 shares during the period. EverSource Wealth Advisors LLC lifted its stake in ASE Technology by 45.5% in the first quarter. EverSource Wealth Advisors LLC now owns 33,134 shares of the semiconductor company’s stock worth $718,000 after acquiring an additional 10,369 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in ASE Technology by 37.8% during the 1st quarter. Quantinno Capital Management LP now owns 588,182 shares of the semiconductor company’s stock worth $12,752,000 after acquiring an additional 161,471 shares in the last quarter. Institutional investors own 6.80% of the company’s stock.
ASE Technology Company Profile
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.
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