Advisors Asset Management Inc. Reduces Stock Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Advisors Asset Management Inc. lowered its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 16.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 145,858 shares of the semiconductor company’s stock after selling 28,015 shares during the quarter. Advisors Asset Management Inc.’s holdings in ASE Technology were worth $1,424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new position in ASE Technology during the second quarter valued at $43,000. Fifth Third Bancorp grew its holdings 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 in the 3rd quarter worth about $100,000. Leo Wealth LLC bought a new stake in ASE Technology in the third quarter worth about $114,000. Finally, Cetera Advisors LLC purchased a new position in shares of ASE Technology during the first quarter valued at approximately $120,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Price Performance

Shares of ASX stock opened at $9.91 on Tuesday. The company’s 50-day simple moving average is $9.93 and its two-hundred day simple moving average is $10.34. 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 Holding Co., Ltd. has a one year low of $8.10 and a one year high of $12.86. The company has a market capitalization of $21.75 billion, a P/E ratio of 22.02, a P/E/G ratio of 0.70 and a beta of 1.22.

ASE Technology (NYSE:ASX) last released its quarterly earnings data 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 firm had revenue of $4.96 billion for the quarter. ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. During the same quarter in the prior year, the firm earned $0.13 EPS. As a group, equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.