ASE Technology Holding Co., Ltd. $ASX Stock Bought by Ninety One North America Inc.

Ninety One North America Inc. boosted its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 9.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 498,331 shares of the semiconductor company’s stock after acquiring an additional 44,110 shares during the quarter. Ninety One North America Inc.’s holdings in ASE Technology were worth $22,156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. VMS Asset Management Limited bought a new stake in shares of ASE Technology in the 3rd quarter valued at approximately $5,098,000. Mather Group LLC. bought a new position in shares of ASE Technology during the 3rd quarter valued at approximately $144,000. GAMMA Investing LLC increased its position in shares of ASE Technology by 4.7% during the 3rd quarter. GAMMA Investing LLC now owns 29,019 shares of the semiconductor company’s stock valued at $1,290,000 after purchasing an additional 1,303 shares during the last quarter. Valeo Financial Advisors LLC increased its position in shares of ASE Technology by 5.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 12,242 shares of the semiconductor company’s stock valued at $544,000 after purchasing an additional 595 shares during the last quarter. Finally, Eastern Bank raised its holdings in ASE Technology by 10.5% during the 3rd quarter. Eastern Bank now owns 2,339 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 223 shares during the period. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Stock Down 6.6%

Shares of ASX traded down $2.95 during mid-day trading on Thursday, hitting $41.38. The company’s stock had a trading volume of 5,884,635 shares, compared to its average volume of 8,499,975. The company’s 50-day moving average is $40.76 and its 200-day moving average is $36.84. ASE Technology Holding Co., Ltd. has a 52-week low of $12.31 and a 52-week high of $47.93. The firm has a market capitalization of $92.51 billion, a price-to-earnings ratio of 48.14 and a beta of 1.66. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The firm had revenue of $81.66 million for the quarter, compared to the consensus estimate of $5.96 billion. ASE Technology had a net margin of 8.52% and a return on equity of 16.12%. On average, equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 1.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 22nd. Finally, Weiss Ratings upgraded ASE Technology from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, ASE Technology has an average rating of “Buy”.

ASE Technology Company 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.