GAMMA Investing LLC Increases Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

GAMMA Investing LLC grew its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 28.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,521 shares of the semiconductor company’s stock after purchasing an additional 2,083 shares during the period. GAMMA Investing LLC’s holdings in ASE Technology were worth $96,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ASX. Ashton Thomas Private Wealth LLC bought a new stake in shares of ASE Technology in the second quarter worth $43,000. Wilmington Savings Fund Society FSB bought a new stake in shares of ASE Technology in the third quarter worth $77,000. Werba Rubin Papier Wealth Management bought a new stake in shares of ASE Technology in the third quarter worth $100,000. D Orazio & Associates Inc. bought a new stake in shares of ASE Technology in the second quarter worth $126,000. Finally, Leo Wealth LLC bought a new stake in shares of ASE Technology in the third quarter worth $114,000. Institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

NYSE:ASX opened at $10.50 on Friday. The stock has a 50-day simple moving average of $10.00 and a two-hundred day simple moving average of $10.14. ASE Technology Holding Co., Ltd. has a 52-week low of $8.10 and a 52-week high of $12.86. The firm has a market capitalization of $23.05 billion, a PE ratio of 23.33, a P/E/G ratio of 0.71 and a beta of 1.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18.

ASE Technology (NYSE:ASX) last announced 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 business 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 quarter last year, the firm earned $0.13 EPS. Analysts forecast that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

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