ASE Technology Holding Co., Ltd. $ASX Shares Acquired by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. lifted its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 453,422 shares of the semiconductor company’s stock after acquiring an additional 38,242 shares during the quarter. Ramirez Asset Management Inc.’s holdings in ASE Technology were worth $5,028,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ASX. Frank Rimerman Advisors LLC lifted its position in ASE Technology by 1.8% during the third quarter. Frank Rimerman Advisors LLC now owns 36,780 shares of the semiconductor company’s stock valued at $408,000 after purchasing an additional 650 shares during the period. Global Retirement Partners LLC boosted its holdings in ASE Technology by 16.1% in the third quarter. Global Retirement Partners LLC now owns 5,921 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 823 shares during the last quarter. CWM LLC grew its position in ASE Technology by 5.0% during the 3rd quarter. CWM LLC now owns 17,578 shares of the semiconductor company’s stock worth $195,000 after purchasing an additional 838 shares during the period. MGO One Seven LLC grew its position in ASE Technology by 8.7% during the 3rd quarter. MGO One Seven LLC now owns 10,906 shares of the semiconductor company’s stock worth $121,000 after purchasing an additional 872 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of ASE Technology by 12.2% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,454 shares of the semiconductor company’s stock valued at $94,000 after buying an additional 917 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Analysts Set New Price Targets

ASX has been the topic of a number of recent research reports. Wall Street Zen downgraded ASE Technology from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research cut ASE Technology from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Weiss Ratings reissued 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 Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

ASE Technology Price Performance

NYSE:ASX opened at $21.13 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 0.57. ASE Technology Holding Co., Ltd. has a 52 week low of $6.94 and a 52 week high of $25.28. The stock’s 50-day moving average price is $20.45 and its 200-day moving average price is $15.61. The stock has a market capitalization of $46.87 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 0.91 and a beta of 1.42.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The business had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.47 billion. ASE Technology had a return on equity of 12.00% and a net margin of 6.31%. As a group, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

ASE Technology 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.