Stifel Financial Corp Trims Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Stifel Financial Corp lessened its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 348,389 shares of the semiconductor company’s stock after selling 4,829 shares during the quarter. Stifel Financial Corp’s holdings in ASE Technology were worth $3,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of ASX. Ashton Thomas Private Wealth LLC purchased a new position in ASE Technology during the second quarter valued at $43,000. Fifth Third Bancorp raised its stake in shares of ASE Technology by 423.8% in the second quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock worth $75,000 after buying an additional 5,289 shares during the period. Werba Rubin Papier Wealth Management purchased a new position in shares of ASE Technology during the 3rd quarter valued at about $100,000. Leo Wealth LLC bought a new position in shares of ASE Technology during the 3rd quarter valued at approximately $114,000. Finally, Cetera Advisors LLC purchased a new stake in ASE Technology in the 1st quarter worth approximately $120,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Trading Up 1.2 %

ASX stock opened at $10.28 on Tuesday. The company has a market capitalization of $22.57 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 0.71 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89. ASE Technology Holding Co., Ltd. has a 1-year low of $8.10 and a 1-year high of $12.86. The business has a 50 day simple moving average of $9.94 and a two-hundred day simple moving average of $10.24.

ASE Technology (NYSE:ASX) last posted its earnings results 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 company had revenue of $4.96 billion for 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 firm earned $0.13 earnings per share. Research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ASX. UBS Group upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 15th. Morgan Stanley raised shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th. Finally, StockNews.com cut ASE Technology from a “buy” rating to a “hold” rating in a 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.