Assetmark Inc. Decreases Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Assetmark Inc. trimmed its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 37.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,650 shares of the semiconductor company’s stock after selling 17,770 shares during the quarter. Assetmark Inc.’s holdings in ASE Technology were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in ASE Technology by 29.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,317 shares of the semiconductor company’s stock worth $300,000 after acquiring an additional 6,225 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in ASE Technology by 42.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 45,785 shares of the semiconductor company’s stock worth $503,000 after purchasing an additional 13,560 shares in the last quarter. Russell Investments Group Ltd. grew its position in ASE Technology by 1,796.7% during the 1st quarter. Russell Investments Group Ltd. now owns 221,531 shares of the semiconductor company’s stock worth $2,437,000 after purchasing an additional 209,851 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in ASE Technology by 35.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 524,243 shares of the semiconductor company’s stock valued at $5,761,000 after purchasing an additional 137,164 shares in the last quarter. Finally, Lake Street Advisors Group LLC acquired a new position in shares of ASE Technology in the 1st quarter valued at $205,000. 6.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Morgan Stanley raised ASE Technology from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th. UBS Group upgraded ASE Technology from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, StockNews.com lowered shares of ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 20th.

ASE Technology Trading Down 0.5 %

NYSE ASX opened at $9.54 on Friday. ASE Technology Holding Co., Ltd. has a 1 year low of $8.10 and a 1 year high of $12.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89. The company has a market capitalization of $20.94 billion, a PE ratio of 21.20, a P/E/G ratio of 0.68 and a beta of 1.22. The company has a fifty day moving average of $9.90 and a 200 day moving average of $10.36.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (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 business posted $0.13 earnings per share. Research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share 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.