Havemeyer Place LP Invests $1.37 Million in ASE Technology Holding Co., Ltd. $ASX

Havemeyer Place LP bought a new position in ASE Technology Holding Co., Ltd. (NYSE:ASX) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 84,971 shares of the semiconductor company’s stock, valued at approximately $1,368,000.

A number of other large investors have also recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in shares of ASE Technology by 9.6% in the 3rd quarter. Bank of America Corp DE now owns 9,661,484 shares of the semiconductor company’s stock worth $107,146,000 after buying an additional 846,300 shares during the last quarter. UBS Group AG lifted its holdings in shares of ASE Technology by 11.4% in the 4th quarter. UBS Group AG now owns 9,038,322 shares of the semiconductor company’s stock worth $145,517,000 after buying an additional 922,692 shares during the period. Rafferty Asset Management LLC boosted its stake in shares of ASE Technology by 50.9% during the second quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock valued at $76,361,000 after purchasing an additional 2,491,918 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of ASE Technology by 38.4% during the third quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock valued at $80,787,000 after purchasing an additional 2,012,970 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of ASE Technology by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock valued at $50,591,000 after purchasing an additional 780,651 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Trading Down 0.1%

NYSE:ASX opened at $34.01 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average of $30.67 and a 200 day moving average of $23.07. ASE Technology Holding Co., Ltd. has a 52 week low of $9.30 and a 52 week high of $41.10. The stock has a market capitalization of $75.61 billion, a price-to-earnings ratio of 50.01, a PEG ratio of 0.68 and a beta of 1.72.

ASE Technology (NYSE:ASX) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating 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. As a group, sell-side analysts anticipate that ASE Technology Holding Co., Ltd. will post 1.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ASX shares. 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 issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, ASE Technology currently has an average rating of “Buy”.

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.