PNC Financial Services Group Inc. Sells 5,290 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

PNC Financial Services Group Inc. lessened its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,004 shares of the semiconductor company’s stock after selling 5,290 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ASE Technology were worth $1,289,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ASX. OneDigital Investment Advisors LLC raised its position in ASE Technology by 16.5% during the third quarter. OneDigital Investment Advisors LLC now owns 17,193 shares of the semiconductor company’s stock worth $168,000 after acquiring an additional 2,431 shares in the last quarter. Thrivent Financial for Lutherans raised its position in ASE Technology by 9.1% during the third quarter. Thrivent Financial for Lutherans now owns 132,583 shares of the semiconductor company’s stock worth $1,294,000 after acquiring an additional 11,063 shares in the last quarter. Caprock Group LLC raised its position in ASE Technology by 5.9% during the third quarter. Caprock Group LLC now owns 91,688 shares of the semiconductor company’s stock worth $895,000 after acquiring an additional 5,074 shares in the last quarter. West Family Investments Inc. raised its position in ASE Technology by 106.4% during the third quarter. West Family Investments Inc. now owns 43,386 shares of the semiconductor company’s stock worth $423,000 after acquiring an additional 22,370 shares in the last quarter. Finally, Citigroup Inc. raised its position in ASE Technology by 9.7% during the third quarter. Citigroup Inc. now owns 4,323,059 shares of the semiconductor company’s stock worth $42,193,000 after acquiring an additional 382,425 shares in the last quarter. Institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

NYSE ASX opened at $9.65 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is $10.35 and its two-hundred day moving average price is $10.06. ASE Technology Holding Co., Ltd. has a 1 year low of $8.10 and a 1 year high of $12.86. The firm has a market capitalization of $21.29 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 0.47 and a beta of 1.21.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. As a group, research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current 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.