Thrivent Financial for Lutherans Grows Stock Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Thrivent Financial for Lutherans lifted its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 9.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 132,583 shares of the semiconductor company’s stock after acquiring an additional 11,063 shares during the period. Thrivent Financial for Lutherans’ holdings in ASE Technology were worth $1,294,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. OneDigital Investment Advisors LLC increased its position in shares of ASE Technology by 16.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 17,193 shares of the semiconductor company’s stock valued at $168,000 after acquiring an additional 2,431 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in shares of ASE Technology in the third quarter valued at about $1,791,000. Oppenheimer Asset Management Inc. raised its stake in shares of ASE Technology by 3.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 562,892 shares of the semiconductor company’s stock worth $5,494,000 after purchasing an additional 18,095 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of ASE Technology by 23.3% during the third 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. Finally, BSW Wealth Partners increased its holdings in ASE Technology by 36.4% in 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. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Stock Up 2.4 %

Shares of ASX stock opened at $9.72 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 0.38. ASE Technology Holding Co., Ltd. has a twelve month low of $8.10 and a twelve month high of $12.86. The stock has a 50 day moving average of $9.92 and a 200 day moving average of $10.32. The stock has a market cap of $21.34 billion, a P/E ratio of 21.60, a P/E/G ratio of 0.69 and a beta of 1.22.

ASE Technology (NYSE:ASX) last posted 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 firm had revenue of $4.96 billion during the quarter. ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. During the same period in the prior year, the company posted $0.13 EPS. As a group, sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on ASX shares. Morgan Stanley upgraded shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. UBS Group upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, StockNews.com downgraded ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 20th.

ASE Technology 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.