Signaturefd LLC Raises Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Signaturefd LLC boosted its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 8.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,551 shares of the semiconductor company’s stock after buying an additional 4,862 shares during the quarter. Signaturefd LLC’s holdings in ASE Technology were worth $591,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its holdings in shares of ASE Technology by 37.8% in the 1st quarter. Park Avenue Securities LLC now owns 48,923 shares of the semiconductor company’s stock worth $538,000 after buying an additional 13,415 shares during the period. Ballentine Partners LLC purchased a new position in ASE Technology during the 1st quarter valued at about $130,000. Diversified Trust Co purchased a new stake in shares of ASE Technology in the 1st quarter worth approximately $320,000. Claro Advisors LLC boosted its stake in shares of ASE Technology by 4.2% during the first quarter. Claro Advisors LLC now owns 37,798 shares of the semiconductor company’s stock valued at $415,000 after purchasing an additional 1,529 shares in the last quarter. Finally, Norden Group LLC bought a new position in ASE Technology in the first quarter worth approximately $412,000. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Stock Down 0.2 %

ASE Technology stock opened at $10.12 on Friday. The business has a fifty day moving average price of $9.86 and a 200-day moving average price of $10.44. ASE Technology Holding Co., Ltd. has a 1-year low of $7.33 and a 1-year high of $12.86. The stock has a market capitalization of $22.17 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 0.65 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.

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, hitting analysts’ consensus estimates of $0.11. The business had revenue of $4.33 billion for the quarter. ASE Technology had a return on equity of 9.90% and a net margin of 5.38%. During the same quarter in the previous year, the firm posted $0.12 EPS. Equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ASX has been the topic of a number of analyst reports. Morgan Stanley upgraded ASE Technology from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th. UBS Group upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, StockNews.com lowered shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday, September 20th.

About ASE Technology

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.