Bank of New York Mellon Corp Has $1.40 Million Stock Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Bank of New York Mellon Corp reduced its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 3.8% in the 4th quarter, Holdings Channel reports. The fund owned 138,909 shares of the semiconductor company’s stock after selling 5,532 shares during the period. Bank of New York Mellon Corp’s holdings in ASE Technology were worth $1,399,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ASX. JPMorgan Chase & Co. grew its stake in ASE Technology by 103.8% in the third quarter. JPMorgan Chase & Co. now owns 3,571,208 shares of the semiconductor company’s stock valued at $34,855,000 after purchasing an additional 1,818,753 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of ASE Technology by 10.8% during the 3rd quarter. Fisher Asset Management LLC now owns 15,167,615 shares of the semiconductor company’s stock valued at $148,036,000 after buying an additional 1,481,424 shares during the last quarter. Citigroup Inc. grew its stake in shares of ASE Technology by 9.7% in the 3rd quarter. Citigroup Inc. now owns 4,323,059 shares of the semiconductor company’s stock valued at $42,193,000 after buying an additional 382,425 shares in the last quarter. TT International Asset Management LTD increased its holdings in ASE Technology by 14.8% in the third quarter. TT International Asset Management LTD now owns 2,063,535 shares of the semiconductor company’s stock worth $20,140,000 after buying an additional 265,767 shares during the last quarter. Finally, Pinpoint Asset Management Ltd bought a new position in ASE Technology during the third quarter valued at approximately $1,983,000. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Stock Down 0.8 %

ASE Technology stock opened at $9.76 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40. ASE Technology Holding Co., Ltd. has a 1-year low of $8.10 and a 1-year high of $12.86. The firm’s fifty day simple moving average is $10.25 and its 200-day simple moving average is $10.07. The company has a market capitalization of $21.53 billion, a P/E ratio of 21.68, a P/E/G ratio of 0.47 and a beta of 1.21.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. Sell-side analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal 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.