ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 36.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,498 shares of the semiconductor company’s stock after purchasing an additional 23,403 shares during the period. Federated Hermes Inc.’s holdings in ASE Technology were worth $1,011,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ASX. Principal Securities Inc. acquired a new position in shares of ASE Technology in the 4th quarter valued at $41,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of ASE Technology during the second quarter worth about $43,000. Fifth Third Bancorp lifted its holdings in shares of ASE Technology by 423.8% in 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. Burns Matteson Capital Management LLC acquired a new stake in ASE Technology during the 1st quarter worth $107,000. Finally, EverSource Wealth Advisors LLC grew its position in ASE Technology by 36.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 11,583 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 3,103 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

Shares of ASX opened at $9.88 on Friday. 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 capitalization of $21.66 billion, a P/E ratio of 21.48, a P/E/G ratio of 0.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.17. The company’s fifty day moving average is $9.88 and its two-hundred day moving average is $10.60.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. ASE Technology had a net margin of 5.38% and a return on equity of 9.90%. The firm had revenue of $4.33 billion during the quarter. During the same period in the prior year, the company earned $0.12 earnings per share. On average, sell-side analysts predict that ASE Technology Holding Co., Ltd. will post 0.51 earnings per share for the current year.

Wall Street Analyst Weigh In

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

ASE Technology 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.