Quadrant Capital Group LLC Has $4.13 Million Stock Holdings in ASE Technology Holding Co., Ltd. $ASX

Quadrant Capital Group LLC raised its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 69.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 372,012 shares of the semiconductor company’s stock after purchasing an additional 152,482 shares during the quarter. Quadrant Capital Group LLC’s holdings in ASE Technology were worth $4,126,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of ASE Technology by 18.8% in the 2nd quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock valued at $91,061,000 after buying an additional 1,397,206 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in 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 worth $76,361,000 after buying an additional 2,491,918 shares during the last quarter. Schroder Investment Management Group increased its holdings in 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 worth $80,787,000 after buying an additional 2,012,970 shares during the last quarter. Goldman Sachs Group Inc. raised its position in 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 worth $50,591,000 after acquiring an additional 780,651 shares in the last quarter. Finally, Cullen Capital Management LLC raised its position in ASE Technology by 0.7% during the third quarter. Cullen Capital Management LLC now owns 5,618,822 shares of the semiconductor company’s stock worth $62,313,000 after acquiring an additional 38,646 shares in the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ASX shares. Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a research report on Wednesday, January 21st. Wall Street Zen cut shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research downgraded shares of ASE Technology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

ASE Technology Stock Up 0.2%

ASX stock opened at $21.71 on Wednesday. ASE Technology Holding Co., Ltd. has a 1-year low of $6.94 and a 1-year high of $25.28. The business’s 50 day simple moving average is $20.68 and its 200 day simple moving average is $15.86. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $48.15 billion, a PE ratio of 37.43, a PEG ratio of 0.90 and a beta of 1.42.

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