ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Purchased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC lifted its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 19.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,052 shares of the semiconductor company’s stock after purchasing an additional 3,701 shares during the period. Aaron Wealth Advisors LLC’s holdings in ASE Technology were worth $225,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in shares of ASE Technology by 1,796.7% in the 1st quarter. Russell Investments Group Ltd. now owns 221,531 shares of the semiconductor company’s stock worth $2,437,000 after purchasing an additional 209,851 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in ASE Technology during the first quarter valued at approximately $812,000. Capstone Investment Advisors LLC grew its position in ASE Technology by 640.1% in the first quarter. Capstone Investment Advisors LLC now owns 107,192 shares of the semiconductor company’s stock worth $1,178,000 after acquiring an additional 92,708 shares in the last quarter. Acadian Asset Management LLC grew its position in ASE Technology by 89.7% in the first quarter. Acadian Asset Management LLC now owns 9,861,612 shares of the semiconductor company’s stock worth $108,364,000 after acquiring an additional 4,664,258 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in ASE Technology in the second quarter worth approximately $1,901,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Stock Down 3.3 %

Shares of NYSE ASX opened at $10.39 on Monday. The firm has a market capitalization of $22.78 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 0.65 and a beta of 1.22. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. ASE Technology Holding Co., Ltd. has a 1 year low of $7.33 and a 1 year high of $12.86. The firm’s 50-day moving average is $9.82 and its 200-day moving average is $10.45.

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

Analyst Ratings Changes

Several analysts recently issued reports on ASX shares. StockNews.com downgraded shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Morgan Stanley upgraded shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. Finally, UBS Group upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th.

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.