PNC Financial Services Group Inc. Buys 8,980 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

PNC Financial Services Group Inc. lifted its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 7.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 133,294 shares of the semiconductor company’s stock after buying an additional 8,980 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ASE Technology were worth $1,301,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new stake in ASE Technology during the 2nd quarter valued at 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 valued at $75,000 after buying an additional 5,289 shares during the last quarter. Werba Rubin Papier Wealth Management bought a new stake in shares of ASE Technology during the third quarter valued at approximately $100,000. Leo Wealth LLC purchased a new position in ASE Technology in the 3rd quarter worth approximately $114,000. Finally, Cetera Advisors LLC bought a new position in ASE Technology in the 1st quarter valued at approximately $120,000. Institutional investors own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented 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 shares of ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, StockNews.com downgraded shares of ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 20th.

ASE Technology Stock Performance

ASX stock opened at $9.49 on Thursday. 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 1 year low of $8.10 and a 1 year high of $12.86. The company has a market cap of $20.82 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 0.70 and a beta of 1.22. The stock’s fifty day moving average price is $9.94 and its 200-day moving average price is $10.33.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. The firm had revenue of $4.96 billion for the quarter. During the same period in the prior year, the company posted $0.13 EPS. On average, equities analysts forecast that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current year.

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.