ASE Technology Holding Co., Ltd. $ASX Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC lowered its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 21.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 106,351 shares of the semiconductor company’s stock after selling 28,656 shares during the period. ASE Technology accounts for approximately 1.0% of Legacy Wealth Asset Management LLC’s portfolio, making the stock its 17th biggest holding. Legacy Wealth Asset Management LLC’s holdings in ASE Technology were worth $4,728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership purchased a new stake in ASE Technology during the 1st quarter valued at about $10,436,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of ASE Technology during the 1st quarter worth approximately $8,932,000. Nykredit A S purchased a new stake in shares of ASE Technology in the second quarter valued at approximately $14,247,000. Capital Wealth Planning LLC grew its position in shares of ASE Technology by 111.9% in the fourth quarter. Capital Wealth Planning LLC now owns 577,950 shares of the semiconductor company’s stock valued at $9,744,000 after purchasing an additional 305,192 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of ASE Technology by 17.3% in the fourth quarter. Hsbc Holdings PLC now owns 1,873,784 shares of the semiconductor company’s stock valued at $30,147,000 after purchasing an additional 276,926 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ASX. Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 22nd. Weiss Ratings lowered shares of ASE Technology from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Finally, Wall Street Zen cut ASE Technology from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

ASE Technology Price Performance

Shares of NYSE ASX opened at $45.19 on Friday. ASE Technology Holding Co., Ltd. has a 1-year low of $11.07 and a 1-year high of $47.93. The company has a market cap of $101.01 billion, a price-to-earnings ratio of 52.55 and a beta of 1.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.81. The stock’s 50-day moving average is $39.98 and its two-hundred day moving average is $36.14.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The business had revenue of $81.66 million for the quarter, compared to analyst estimates of $5.96 billion. ASE Technology had a net margin of 8.52% and a return on equity of 16.12%. Analysts forecast that ASE Technology Holding Co., Ltd. will post 1.23 EPS for the current fiscal year.

ASE Technology Profile

ASE Technology Holding Co, Ltd. is a Taiwan-based provider of semiconductor manufacturing services. Through its subsidiaries, the company offers outsourced semiconductor assembly and testing (OSAT) services, helping chip manufacturers package and test integrated circuits before they are incorporated into electronic products.

Its services include wafer probing, wafer bumping, flip-chip and wire-bond packaging, system-in-package and other advanced packaging technologies, as well as final testing and related engineering services.