Ritholtz Wealth Management Has $1.82 Million Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Ritholtz Wealth Management trimmed its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,292 shares of the semiconductor company’s stock after selling 14,079 shares during the period. Ritholtz Wealth Management’s holdings in ASE Technology were worth $1,816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in ASE Technology in the 3rd quarter worth $77,000. GAMMA Investing LLC grew its position in ASE Technology by 28.0% in the 4th quarter. GAMMA Investing LLC now owns 9,521 shares of the semiconductor company’s stock worth $96,000 after purchasing an additional 2,083 shares during the last quarter. Werba Rubin Papier Wealth Management acquired a new stake in ASE Technology in the 3rd quarter worth $100,000. Leo Wealth LLC acquired a new stake in ASE Technology in the 3rd quarter worth $114,000. Finally, Choreo LLC acquired a new stake in ASE Technology in the 2nd quarter worth $149,000. 6.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ASE Technology Price Performance

Shares of ASE Technology stock opened at $10.53 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18. The firm’s 50-day simple moving average is $10.07 and its 200-day simple moving average is $10.08. ASE Technology Holding Co., Ltd. has a twelve month low of $8.10 and a twelve month high of $12.86. The firm has a market cap of $23.10 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 0.44 and a beta of 1.19.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. The firm had revenue of $4.96 billion for the quarter. During the same period in the prior year, the company earned $0.13 earnings per share. As a group, research analysts expect that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current fiscal 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.