Panagora Asset Management Inc. grew its position in ASE Technology Holding Co., Ltd. (NYSE:ASX – Free Report) by 28.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,267 shares of the semiconductor company’s stock after purchasing an additional 8,136 shares during the quarter. Panagora Asset Management Inc.’s holdings in ASE Technology were worth $341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of ASE Technology by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 100,464 shares of the semiconductor company’s stock worth $755,000 after buying an additional 1,466 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of ASE Technology in the third quarter worth $101,000. Ieq Capital LLC lifted its holdings in shares of ASE Technology by 33.3% in the third quarter. Ieq Capital LLC now owns 20,173 shares of the semiconductor company’s stock worth $152,000 after buying an additional 5,038 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC lifted its holdings in shares of ASE Technology by 7.7% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 77,021 shares of the semiconductor company’s stock worth $579,000 after buying an additional 5,538 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in shares of ASE Technology in the third quarter worth $109,000. 6.80% of the stock is currently owned by institutional investors.
ASE Technology Stock Up 1.5 %
ASX opened at $11.15 on Friday. The stock has a market capitalization of $24.44 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 0.62 and a beta of 1.26. ASE Technology Holding Co., Ltd. has a 12 month low of $7.20 and a 12 month high of $11.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 0.92. The business has a 50-day moving average of $10.70 and a two-hundred day moving average of $9.73.
ASE Technology (NYSE:ASX – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). ASE Technology had a net margin of 5.41% and a return on equity of 10.09%. The firm had revenue of $4.24 billion during the quarter. During the same period last year, the business earned $0.09 EPS. On average, research analysts expect that ASE Technology Holding Co., Ltd. will post 0.62 earnings per share for the current year.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.
Read Our Latest Research Report on ASE Technology
ASE Technology Company Profile
(Free Report)
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.
Further Reading
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