Truist Financial Corp Purchases 14,989 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Truist Financial Corp lifted its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 61.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,544 shares of the semiconductor company’s stock after acquiring an additional 14,989 shares during the quarter. Truist Financial Corp’s holdings in ASE Technology were worth $398,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ASX. Allworth Financial LP lifted its holdings in ASE Technology by 42.5% during the 4th quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 1,104 shares in the last quarter. R Squared Ltd bought a new stake in ASE Technology during the 4th quarter valued at about $51,000. Wilmington Savings Fund Society FSB bought a new stake in ASE Technology during the 3rd quarter valued at about $77,000. GAMMA Investing LLC lifted its holdings in ASE Technology by 28.0% during 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 in the last quarter. Finally, Merit Financial Group LLC bought a new stake in ASE Technology during the 4th quarter valued at about $119,000. Institutional investors own 6.80% of the company’s stock.

ASE Technology Trading Up 2.4 %

Shares of ASX opened at $9.98 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.19 and a quick ratio of 0.93. The firm has a market capitalization of $22.02 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 0.47 and a beta of 1.17. The company has a 50-day moving average of $10.43 and a 200 day moving average of $10.06. ASE Technology Holding Co., Ltd. has a 1-year low of $8.10 and a 1-year high of $12.86.

ASE Technology (NYSE:ASX) last posted its earnings results on Thursday, February 13th. The semiconductor company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. On average, research analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

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.