ASE Technology (NYSE:ASX) Earns “Hold (C)” Rating from Weiss Ratings

ASE Technology (NYSE:ASX)‘s stock had its “hold (c)” rating restated by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

ASE Technology Stock Down 1.2%

ASX stock opened at $11.72 on Wednesday. ASE Technology has a 52-week low of $6.94 and a 52-week high of $11.90. The company’s 50 day simple moving average is $10.64 and its 200-day simple moving average is $9.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.79. The firm has a market capitalization of $25.87 billion, a P/E ratio of 24.94, a P/E/G ratio of 0.66 and a beta of 1.37.

ASE Technology (NYSE:ASX) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $150.44 billion. ASE Technology had a return on equity of 10.33% and a net margin of 5.48%. As a group, equities research analysts anticipate that ASE Technology will post 0.76 EPS for the current year.

Hedge Funds Weigh In On ASE Technology

A number of large investors have recently made changes to their positions in the business. Dynamic Advisor Solutions LLC acquired a new position in shares of ASE Technology in the 3rd quarter valued at about $119,000. Cullen Capital Management LLC boosted its stake in shares of ASE Technology by 24.1% during the 2nd quarter. Cullen Capital Management LLC now owns 5,580,176 shares of the semiconductor company’s stock valued at $57,643,000 after buying an additional 1,082,941 shares during the period. Corient Private Wealth LLC boosted its stake in shares of ASE Technology by 4.9% during the 2nd quarter. Corient Private Wealth LLC now owns 167,199 shares of the semiconductor company’s stock valued at $1,727,000 after buying an additional 7,791 shares during the period. Osaic Holdings Inc. raised its holdings in shares of ASE Technology by 43.8% during the second quarter. Osaic Holdings Inc. now owns 17,987 shares of the semiconductor company’s stock worth $185,000 after acquiring an additional 5,477 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its position in ASE Technology by 11.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 159,366 shares of the semiconductor company’s stock worth $1,646,000 after purchasing an additional 15,921 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.