Mount Yale Investment Advisors LLC Raises Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Mount Yale Investment Advisors LLC boosted its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 46.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 51,704 shares of the semiconductor company’s stock after buying an additional 16,393 shares during the period. Mount Yale Investment Advisors LLC’s holdings in ASE Technology were worth $590,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of ASE Technology in the 2nd quarter valued at $43,000. Fifth Third Bancorp lifted its stake in shares of ASE Technology by 423.8% during the second quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 5,289 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of ASE Technology in the first quarter worth about $107,000. Cetera Advisors LLC purchased a new stake in shares of ASE Technology in the first quarter worth about $120,000. Finally, D Orazio & Associates Inc. acquired a new stake in shares of ASE Technology in the second quarter valued at about $126,000. 6.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley upgraded ASE Technology from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th. StockNews.com cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday.

ASE Technology Stock Performance

NYSE:ASX opened at $10.00 on Tuesday. ASE Technology Holding Co., Ltd. has a 1-year low of $7.25 and a 1-year high of $12.86. The stock has a market cap of $21.92 billion, a P/E ratio of 21.74, a PEG ratio of 0.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.17 and a quick ratio of 0.90. The firm has a 50-day moving average of $9.84 and a two-hundred day moving average of $10.59.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. ASE Technology had a return on equity of 9.90% and a net margin of 5.38%. The firm had revenue of $4.33 billion during the quarter. During the same quarter last year, the business earned $0.12 EPS. On average, research analysts expect that ASE Technology Holding Co., Ltd. will post 0.51 earnings per share for the current fiscal 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.