ASE Technology Holding Co., Ltd. (NYSE:ASX) Holdings Raised by Fmr LLC

Fmr LLC boosted its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 152.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 185,500 shares of the semiconductor company’s stock after buying an additional 112,104 shares during the quarter. Fmr LLC’s holdings in ASE Technology were worth $1,810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ASX. Allspring Global Investments Holdings LLC raised its holdings in shares of ASE Technology by 585.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 109,813 shares of the semiconductor company’s stock valued at $1,072,000 after purchasing an additional 93,790 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of ASE Technology during the 2nd quarter valued at about $1,901,000. OneDigital Investment Advisors LLC boosted its position in shares of ASE Technology by 16.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 17,193 shares of the semiconductor company’s stock valued at $168,000 after acquiring an additional 2,431 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of ASE Technology by 12.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 544,797 shares of the semiconductor company’s stock valued at $6,222,000 after acquiring an additional 61,992 shares in the last quarter. Finally, Earnest Partners LLC lifted its holdings in ASE Technology by 10.4% during the 2nd quarter. Earnest Partners LLC now owns 2,840,090 shares of the semiconductor company’s stock valued at $32,434,000 after purchasing an additional 266,991 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Analysts Set New Price Targets

ASX has been the subject of several analyst reports. StockNews.com downgraded shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Friday, September 20th. UBS Group raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley raised shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.

ASE Technology Stock Up 2.9 %

Shares of NYSE ASX opened at $10.16 on Monday. The stock has a market cap of $22.30 billion, a P/E ratio of 22.58, a P/E/G ratio of 0.71 and a beta of 1.21. The firm has a 50 day moving average price of $9.93 and a 200 day moving average price of $10.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18. ASE Technology Holding Co., Ltd. has a 52-week low of $8.10 and a 52-week high of $12.86.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share 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 earned $0.13 EPS. Analysts expect that ASE Technology Holding Co., Ltd. will post 0.48 EPS 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.