D Orazio & Associates Inc. Purchases New Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

D Orazio & Associates Inc. acquired a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,628 shares of the semiconductor company’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ASX. Citigroup Inc. increased its holdings in shares of ASE Technology by 143.8% during the third quarter. Citigroup Inc. now owns 3,038,543 shares of the semiconductor company’s stock worth $23,852,000 after buying an additional 1,792,248 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in ASE Technology by 151.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 14,684 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 8,840 shares during the last quarter. Creative Planning bought a new stake in ASE Technology during the third quarter valued at $146,000. Barclays PLC boosted its position in ASE Technology by 446.9% during the third quarter. Barclays PLC now owns 254,863 shares of the semiconductor company’s stock valued at $2,001,000 after acquiring an additional 208,261 shares during the last quarter. Finally, BlackRock Inc. boosted its position in ASE Technology by 6.8% during the third quarter. BlackRock Inc. now owns 6,580,952 shares of the semiconductor company’s stock valued at $51,661,000 after acquiring an additional 419,030 shares during the last quarter. Institutional investors and hedge funds own 6.66% of the company’s stock.

ASX has been the topic of a number of research analyst reports. KGI Securities cut shares of ASE Technology from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 28th. Zacks Investment Research upgraded shares of ASE Technology from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research note on Tuesday, December 28th. JPMorgan Chase & Co. downgraded shares of ASE Technology from an “overweight” rating to a “neutral” rating in a report on Wednesday, December 8th. Finally, The Goldman Sachs Group cut shares of ASE Technology from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $13.30 to $8.10 in a research report on Thursday, October 7th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.43.

ASX opened at $7.93 on Friday. ASE Technology Holding Co., Ltd. has a twelve month low of $6.61 and a twelve month high of $9.62. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 0.32 and a beta of 1.04. The company has a quick ratio of 0.95, a current ratio of 1.35 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average price of $7.62 and a 200-day moving average price of $8.01.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Thursday, October 28th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. ASE Technology had a net margin of 7.91% and a return on equity of 17.49%. The business had revenue of $5.41 billion during the quarter. As a group, analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

About ASE Technology

ASE Technology Holding Co, Ltd. engages in the provision of semiconductor manufacturing services. It develops and offers complete turnkey solutions in IC (Integrated Circuit) packaging, design and production of interconnect materials, front-end engineering testing, wafer probing and final testing, as well as electronic manufacturing services.

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Institutional Ownership by Quarter for ASE Technology (NYSE:ASX)

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