Dimensional Fund Advisors LP Has $1.98 Million Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Dimensional Fund Advisors LP lowered its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 12.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,406 shares of the semiconductor company’s stock after selling 25,302 shares during the quarter. Dimensional Fund Advisors LP’s holdings in ASE Technology were worth $1,980,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ASX. Ashton Thomas Private Wealth LLC bought a new position in shares of ASE Technology during the second quarter worth about $43,000. Fifth Third Bancorp grew its holdings in shares of ASE Technology by 423.8% during the second quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock worth $75,000 after buying an additional 5,289 shares in the last quarter. Burns Matteson Capital Management LLC bought a new position in shares of ASE Technology during the first quarter worth about $107,000. Cetera Advisors LLC bought a new position in ASE Technology in the first quarter valued at approximately $120,000. Finally, D Orazio & Associates Inc. bought a new position in ASE Technology in the second quarter valued at approximately $126,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Stock Performance

ASX opened at $9.96 on Friday. ASE Technology Holding Co., Ltd. has a 12-month low of $7.33 and a 12-month high of $12.86. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 0.65 and a beta of 1.22. The business has a 50 day moving average of $9.68 and a 200-day moving average of $10.48. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.33.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. StockNews.com downgraded ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Morgan Stanley upgraded ASE Technology from an “equal weight” rating to an “overweight” rating in a research note 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.