Rafferty Asset Management LLC Sells 652,397 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Rafferty Asset Management LLC reduced its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASXGet Rating) by 21.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,326,380 shares of the semiconductor company’s stock after selling 652,397 shares during the period. Rafferty Asset Management LLC owned about 0.11% of ASE Technology worth $12,027,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Lazard Asset Management LLC boosted its holdings in ASE Technology by 15.9% in the 1st quarter. Lazard Asset Management LLC now owns 16,191,596 shares of the semiconductor company’s stock worth $114,796,000 after buying an additional 2,225,409 shares during the period. Clark Capital Management Group Inc. boosted its holdings in ASE Technology by 16.2% in the 1st quarter. Clark Capital Management Group Inc. now owns 5,581,503 shares of the semiconductor company’s stock worth $39,573,000 after buying an additional 779,885 shares during the period. Bank of America Corp DE boosted its holdings in ASE Technology by 8.8% in the 1st quarter. Bank of America Corp DE now owns 9,026,713 shares of the semiconductor company’s stock worth $63,999,000 after buying an additional 732,662 shares during the period. BlackRock Inc. boosted its holdings in ASE Technology by 8.1% in the 1st quarter. BlackRock Inc. now owns 8,084,915 shares of the semiconductor company’s stock worth $57,322,000 after buying an additional 606,628 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in ASE Technology in the 2nd quarter worth approximately $2,354,000. 6.57% of the stock is owned by institutional investors.

ASE Technology Price Performance

NYSE:ASX traded up $0.04 during trading hours on Thursday, hitting $6.49. The stock had a trading volume of 4,534,739 shares, compared to its average volume of 9,495,612. The company has a 50 day simple moving average of $5.41 and a two-hundred day simple moving average of $5.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.22 and a quick ratio of 0.85. ASE Technology Holding Co., Ltd. has a one year low of $4.45 and a one year high of $8.15. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 5.32, a P/E/G ratio of 0.33 and a beta of 1.11.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Tuesday.

About ASE Technology

(Get Rating)

ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It offers packaging services, including flip chip ball grid array (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packages, low profile and thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, and 3D chip packages; stacked die solutions in various packages; and copper and silver wire bonding solutions.

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

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