24,988 Shares in ASE Technology Holding Co., Ltd. $ASX Acquired by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. purchased a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 24,988 shares of the semiconductor company’s stock, valued at approximately $258,000.

Several other large investors have also recently made changes to their positions in ASX. Acadian Asset Management LLC increased its position in shares of ASE Technology by 35.0% during the first quarter. Acadian Asset Management LLC now owns 10,973,038 shares of the semiconductor company’s stock worth $96,110,000 after purchasing an additional 2,842,631 shares in the last quarter. Millennium Management LLC boosted its stake in ASE Technology by 111.1% during the first quarter. Millennium Management LLC now owns 3,836,018 shares of the semiconductor company’s stock worth $33,604,000 after buying an additional 2,018,815 shares during the last quarter. Jane Street Group LLC boosted its stake in ASE Technology by 218.9% during the first quarter. Jane Street Group LLC now owns 1,452,919 shares of the semiconductor company’s stock worth $12,728,000 after buying an additional 997,259 shares during the last quarter. TT International Asset Management LTD boosted its stake in ASE Technology by 19,539.4% during the second quarter. TT International Asset Management LTD now owns 883,968 shares of the semiconductor company’s stock worth $9,131,000 after buying an additional 879,467 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in ASE Technology by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock worth $50,591,000 after buying an additional 780,651 shares during the last quarter. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Stock Performance

Shares of ASE Technology stock opened at $11.09 on Friday. ASE Technology Holding Co., Ltd. has a 52 week low of $6.94 and a 52 week high of $11.84. The business’s fifty day simple moving average is $10.53 and its 200-day simple moving average is $9.87. The firm has a market cap of $24.47 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 0.62 and a beta of 1.37. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.57.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $150.44 billion. Equities analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, ASE Technology presently has an average rating of “Moderate Buy”.

ASE Technology Company 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.