May Hill Capital LLC Purchases New Holdings in ASE Technology Holding Co., Ltd. $ASX

May Hill Capital LLC purchased a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 19,664 shares of the semiconductor company’s stock, valued at approximately $317,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new position in ASE Technology in the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC lifted its stake in ASE Technology by 1,704.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 2,506 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in ASE Technology in the 4th quarter valued at about $32,000. SBI Securities Co. Ltd. lifted its stake in ASE Technology by 256.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 1,795 shares in the last quarter. Finally, WealthCollab LLC lifted its stake in ASE Technology by 55.2% in the 2nd quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 1,726 shares in the last quarter. 6.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ASX shares. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Zacks Research upgraded ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

ASE Technology Trading Down 0.0%

Shares of ASE Technology stock opened at $33.80 on Monday. The stock has a market cap of $75.15 billion, a P/E ratio of 49.70, a P/E/G ratio of 0.68 and a beta of 1.68. The stock’s 50 day simple moving average is $26.30 and its 200-day simple moving average is $20.83. ASE Technology Holding Co., Ltd. has a 1-year low of $9.23 and a 1-year high of $35.71. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89.

ASE Technology (NYSE:ASX) last issued its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.32 billion. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%. Analysts predict that ASE Technology Holding Co., Ltd. will post 1.05 EPS for the current fiscal year.

About ASE Technology

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.