Cerity Partners LLC increased its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX – Free Report) by 28.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 126,211 shares of the semiconductor company’s stock after purchasing an additional 27,596 shares during the period. Cerity Partners LLC’s holdings in ASE Technology were worth $1,232,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC purchased a new stake in ASE Technology during the 2nd quarter valued at about $43,000. Fifth Third Bancorp grew its stake in ASE Technology by 423.8% during the 2nd quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 5,289 shares during the last quarter. Werba Rubin Papier Wealth Management purchased a new stake in ASE Technology during the 3rd quarter valued at about $100,000. Leo Wealth LLC purchased a new stake in ASE Technology during the 3rd quarter valued at about $114,000. Finally, Cetera Advisors LLC purchased a new stake in ASE Technology during the 1st quarter valued at about $120,000. 6.80% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently commented on ASX. StockNews.com downgraded ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. UBS Group upgraded ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley upgraded ASE Technology from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.
ASE Technology Price Performance
Shares of ASE Technology stock opened at $9.91 on Wednesday. The business has a 50 day simple moving average of $9.92 and a two-hundred day simple moving average of $10.31. ASE Technology Holding Co., Ltd. has a 12 month low of $8.10 and a 12 month high of $12.86. The stock has a market capitalization of $21.75 billion, a P/E ratio of 22.02, a PEG ratio of 0.71 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89.
ASE Technology (NYSE:ASX – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). The company had revenue of $4.96 billion during the quarter. ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. During the same period in the previous year, the company posted $0.13 earnings per share. As a group, analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current fiscal year.
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.
See Also
- Five stocks we like better than ASE Technology
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Beyond NVIDIA: Top 5 Semiconductor Stocks to Watch for 2025
- Pros And Cons Of Monthly Dividend Stocks
- Netflix Is On Track To Hit $1,000 By Christmas
- What Are Dividend Contenders? Investing in Dividend Contenders
- UMAC Stock Climbs Amid Trump Jr. Appointment and Meme Stock Hype
Want to see what other hedge funds are holding ASX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ASE Technology Holding Co., Ltd. (NYSE:ASX – Free Report).
Receive News & Ratings for ASE Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASE Technology and related companies with MarketBeat.com's FREE daily email newsletter.