ASE Technology Holding Co., Ltd. (NYSE:ASX) Stake Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 103.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,571,208 shares of the semiconductor company’s stock after purchasing an additional 1,818,753 shares during the period. JPMorgan Chase & Co.’s holdings in ASE Technology were worth $34,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC increased its holdings in shares of ASE Technology by 10.8% in the 3rd quarter. Fisher Asset Management LLC now owns 15,167,615 shares of the semiconductor company’s stock worth $148,036,000 after acquiring an additional 1,481,424 shares during the period. Driehaus Capital Management LLC increased its stake in shares of ASE Technology by 105.3% in the second quarter. Driehaus Capital Management LLC now owns 982,028 shares of the semiconductor company’s stock valued at $11,215,000 after purchasing an additional 503,765 shares during the period. Squarepoint Ops LLC raised its holdings in shares of ASE Technology by 528.5% during the second quarter. Squarepoint Ops LLC now owns 478,766 shares of the semiconductor company’s stock valued at $5,468,000 after buying an additional 402,585 shares during the last quarter. Citigroup Inc. boosted its position in shares of ASE Technology by 9.7% during the third quarter. Citigroup Inc. now owns 4,323,059 shares of the semiconductor company’s stock worth $42,193,000 after buying an additional 382,425 shares during the period. Finally, Earnest Partners LLC grew its holdings in ASE Technology by 10.4% in the 2nd quarter. Earnest Partners LLC now owns 2,840,090 shares of the semiconductor company’s stock worth $32,434,000 after buying an additional 266,991 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Price Performance

Shares of NYSE:ASX opened at $10.64 on Tuesday. The stock’s 50 day moving average price is $9.95 and its 200 day moving average price is $10.13. 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 stock has a market cap of $23.36 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 0.71 and a beta of 1.19. ASE Technology Holding Co., Ltd. has a 12 month low of $8.10 and a 12 month high of $12.86.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share 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 last year, the business posted $0.13 EPS. Equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ASX has been the subject of a number of analyst reports. StockNews.com lowered ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. UBS Group raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley raised shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.

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.