ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Sold by Assetmark Inc.

Assetmark Inc. reduced its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASXFree Report) by 37.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 29,650 shares of the semiconductor company’s stock after selling 17,770 shares during the period. Assetmark Inc.’s holdings in ASE Technology were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. QRG Capital Management Inc. raised its holdings in ASE Technology by 23.3% in the 3rd quarter. QRG Capital Management Inc. now owns 79,125 shares of the semiconductor company’s stock worth $772,000 after purchasing an additional 14,938 shares during the period. BSW Wealth Partners raised its stake in shares of ASE Technology by 36.4% during the 3rd quarter. BSW Wealth Partners now owns 46,680 shares of the semiconductor company’s stock worth $456,000 after buying an additional 12,446 shares during the period. US Bancorp DE raised its stake in shares of ASE Technology by 4.4% during the 3rd quarter. US Bancorp DE now owns 393,247 shares of the semiconductor company’s stock worth $3,838,000 after buying an additional 16,575 shares during the period. Diversify Wealth Management LLC lifted its position in shares of ASE Technology by 10.0% during the 3rd quarter. Diversify Wealth Management LLC now owns 68,160 shares of the semiconductor company’s stock valued at $691,000 after buying an additional 6,207 shares in the last quarter. Finally, Custom Index Systems LLC grew its stake in ASE Technology by 10.9% in the 3rd quarter. Custom Index Systems LLC now owns 34,424 shares of the semiconductor company’s stock valued at $336,000 after acquiring an additional 3,389 shares during the period. 6.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. UBS Group upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley upgraded ASE Technology from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th.

Read Our Latest Stock Report on ASX

ASE Technology Stock Performance

Shares of NYSE:ASX opened at $9.54 on Friday. The business’s 50 day moving average price is $9.90 and its 200-day moving average price is $10.36. ASE Technology Holding Co., Ltd. has a 1 year low of $8.10 and a 1 year high of $12.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89. The firm has a market capitalization of $20.94 billion, a PE ratio of 21.20, a P/E/G ratio of 0.68 and a beta of 1.22.

ASE Technology (NYSE:ASXGet Free Report) last announced its earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). The business had revenue of $4.96 billion for the quarter. ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. During the same quarter in the previous year, the business posted $0.13 earnings per share. As a group, equities research analysts expect that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for ASE Technology (NYSE:ASX)

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