Atomi Financial Group Inc. Boosts Stock Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Atomi Financial Group Inc. increased its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,614 shares of the semiconductor company’s stock after buying an additional 3,984 shares during the quarter. Atomi Financial Group Inc.’s holdings in ASE Technology were worth $409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Aaron Wealth Advisors LLC boosted its position in shares of ASE Technology by 5.9% during the 4th quarter. Aaron Wealth Advisors LLC now owns 24,422 shares of the semiconductor company’s stock valued at $246,000 after acquiring an additional 1,370 shares during the last quarter. First Affirmative Financial Network boosted its holdings in ASE Technology by 13.7% in the 3rd quarter. First Affirmative Financial Network now owns 15,330 shares of the semiconductor company’s stock valued at $150,000 after purchasing an additional 1,851 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of ASE Technology by 28.0% in the 4th quarter. GAMMA Investing LLC now owns 9,521 shares of the semiconductor company’s stock valued at $96,000 after buying an additional 2,083 shares during the period. OneDigital Investment Advisors LLC increased its holdings in shares of ASE Technology by 16.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 17,193 shares of the semiconductor company’s stock worth $168,000 after buying an additional 2,431 shares during the last quarter. Finally, Bridgewater Advisors Inc. raised its position in shares of ASE Technology by 11.7% during the 4th quarter. Bridgewater Advisors Inc. now owns 25,308 shares of the semiconductor company’s stock valued at $257,000 after buying an additional 2,657 shares during the period. Institutional investors and hedge funds own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded ASE Technology from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 15th.

ASE Technology Stock Down 0.6 %

Shares of ASX opened at $10.87 on Friday. The company’s 50-day moving average price is $10.20 and its 200 day moving average price is $10.07. ASE Technology Holding Co., Ltd. has a 12-month low of $8.10 and a 12-month high of $12.86. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 0.38. The firm has a market cap of $23.85 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 0.46 and a beta of 1.19.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). The company had revenue of $4.96 billion during 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 prior year, the company posted $0.13 EPS. On average, sell-side analysts forecast that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current year.

About ASE Technology

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.