Mitchell & Pahl Private Wealth LLC Reduces Stock Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Mitchell & Pahl Private Wealth LLC trimmed its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,573 shares of the semiconductor company’s stock after selling 1,652 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in ASE Technology were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in ASE Technology during the 3rd quarter worth $77,000. GAMMA Investing LLC grew its stake in ASE Technology by 28.0% during the 4th quarter. GAMMA Investing LLC now owns 9,521 shares of the semiconductor company’s stock worth $96,000 after buying an additional 2,083 shares during the last quarter. Werba Rubin Papier Wealth Management purchased a new position in ASE Technology during the 3rd quarter worth $100,000. Leo Wealth LLC purchased a new stake in ASE Technology during the 3rd quarter valued at about $114,000. Finally, Merit Financial Group LLC purchased a new stake in ASE Technology during the 4th quarter valued at about $119,000. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ASE Technology Stock Up 4.2 %

ASE Technology stock opened at $10.97 on Wednesday. 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 business’s 50-day simple moving average is $10.11 and its two-hundred day simple moving average is $10.07. The company has a market cap of $24.07 billion, a PE ratio of 24.37, a PEG ratio of 0.44 and a beta of 1.19. ASE Technology Holding Co., Ltd. has a fifty-two week low of $8.10 and a fifty-two week high of $12.86.

ASE Technology (NYSE:ASX) last issued its earnings results on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. The company had revenue of $4.96 billion during the quarter. During the same quarter last year, the firm earned $0.13 EPS. Equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.48 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.