Envestnet Asset Management Inc. Has $33.73 Million Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Envestnet Asset Management Inc. reduced its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 8.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,953,170 shares of the semiconductor company’s stock after selling 271,360 shares during the period. Envestnet Asset Management Inc. owned about 0.13% of ASE Technology worth $33,725,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new stake in ASE Technology in the second quarter valued at approximately $43,000. Principal Securities Inc. acquired a new stake in shares of ASE Technology during the 4th quarter valued at $41,000. Fifth Third Bancorp grew its position in ASE Technology by 423.8% during the 2nd quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 5,289 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in ASE Technology in the 1st quarter worth about $107,000. Finally, Simplicity Wealth LLC bought a new position in ASE Technology in the first quarter valued at about $119,000. 6.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ASX shares. StockNews.com cut ASE Technology from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley raised shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th.

ASE Technology Stock Performance

NYSE ASX opened at $9.88 on Friday. The company has a market capitalization of $21.66 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 0.63 and a beta of 1.22. ASE Technology Holding Co., Ltd. has a twelve month low of $7.25 and a twelve month high of $12.86. The stock has a fifty day simple moving average of $9.88 and a 200 day simple moving average of $10.60. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.33.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. ASE Technology had a return on equity of 9.90% and a net margin of 5.38%. The company had revenue of $4.33 billion during the quarter. During the same period in the previous year, the company posted $0.12 EPS. Sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 0.51 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.