ASE Technology Holding Co., Ltd. (NYSE:ASX) Short Interest Update

ASE Technology Holding Co., Ltd. (NYSE:ASX) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 16,115,984 shares, an increase of 99.5% from the April 30th total of 8,078,645 shares. Based on an average daily volume of 7,898,828 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.9% of the shares of the company are short sold.

ASE Technology Trading Up 0.9%

NYSE ASX traded up $0.36 on Wednesday, hitting $39.62. 5,035,786 shares of the company were exchanged, compared to its average volume of 8,011,608. The company’s 50 day moving average price is $29.38 and its 200-day moving average price is $22.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89. The firm has a market capitalization of $88.10 billion, a P/E ratio of 58.26, a price-to-earnings-growth ratio of 0.76 and a beta of 1.72. ASE Technology has a twelve month low of $9.30 and a twelve month high of $41.10.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on ASX. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Hedge Funds Weigh In On ASE Technology

Several institutional investors and hedge funds have recently bought and sold shares of ASX. Nisa Investment Advisors LLC purchased a new position in ASE Technology during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd grew its stake in ASE Technology by 180,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,810 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 1,809 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in ASE Technology by 1,704.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 2,506 shares in the last quarter. Bessemer Group Inc. grew its stake in ASE Technology by 135.4% during the 1st quarter. Bessemer Group Inc. now owns 1,438 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 827 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in ASE Technology during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Company Profile

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.