Vise Technologies Inc. Purchases New Shares in ASE Technology Holding Co., Ltd. $ASX

Vise Technologies Inc. acquired a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 59,875 shares of the semiconductor company’s stock, valued at approximately $619,000.

Several other hedge funds have also modified their holdings of ASX. Envestnet Asset Management Inc. boosted its position in ASE Technology by 4.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,437,846 shares of the semiconductor company’s stock worth $25,183,000 after purchasing an additional 105,491 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in shares of ASE Technology in the first quarter valued at approximately $583,000. Cerity Partners LLC raised its stake in shares of ASE Technology by 107.3% during the 1st quarter. Cerity Partners LLC now owns 271,246 shares of the semiconductor company’s stock worth $2,376,000 after buying an additional 140,413 shares during the period. Fortitude Advisory Group L.L.C. purchased a new position in shares of ASE Technology during the 2nd quarter valued at approximately $258,000. Finally, Hantz Financial Services Inc. grew its stake in ASE Technology by 3,929.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 18,094 shares of the semiconductor company’s stock valued at $187,000 after acquiring an additional 17,645 shares during the period. 6.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ASX. Nomura upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, October 8th. Finally, Nomura Securities upgraded ASE Technology to a “strong-buy” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

ASE Technology Price Performance

ASX stock opened at $14.63 on Friday. ASE Technology Holding Co., Ltd. has a 1 year low of $6.94 and a 1 year high of $16.39. 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 $32.29 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45. The business has a 50 day simple moving average of $12.65 and a 200-day simple moving average of $10.91.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. ASE Technology had a return on equity of 10.33% and a net margin of 5.48%.The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $162.64 billion. Equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

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.