UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 66,500 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 24.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 336,500 shares of the semiconductor company’s stock after purchasing an additional 66,500 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in ASE Technology were worth $3,284,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ASX. Ashton Thomas Private Wealth LLC bought a new position in shares of ASE Technology during the second quarter valued at approximately $43,000. Fifth Third Bancorp increased its position 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 period. Werba Rubin Papier Wealth Management bought a new position in ASE Technology in the 3rd quarter worth $100,000. Cetera Advisors LLC bought a new position in ASE Technology in the 1st quarter worth $120,000. Finally, D Orazio & Associates Inc. purchased a new stake in shares of ASE Technology in the 2nd quarter worth about $126,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Trading Up 2.9 %

Shares of NYSE:ASX opened at $10.16 on Friday. ASE Technology Holding Co., Ltd. has a 1 year low of $8.10 and a 1 year high of $12.86. The stock’s fifty day moving average price is $9.93 and its 200-day moving average price is $10.26. The company has a market cap of $22.29 billion, a P/E ratio of 22.57, a PEG ratio of 0.71 and a beta of 1.21. 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 (NYSE:ASX) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The firm had revenue of $4.96 billion for 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 EPS. Sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

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