ASE Technology Holding Co., Ltd. (NYSE:ASX) Position Lowered by TD Private Client Wealth LLC

TD Private Client Wealth LLC trimmed its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 4.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,513 shares of the semiconductor company’s stock after selling 1,509 shares during the period. TD Private Client Wealth LLC’s holdings in ASE Technology were worth $337,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ASX. Allspring Global Investments Holdings LLC increased its holdings in shares of ASE Technology by 585.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 109,813 shares of the semiconductor company’s stock valued at $1,072,000 after acquiring an additional 93,790 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in ASE Technology in the second quarter worth $1,901,000. OneDigital Investment Advisors LLC increased its stake in ASE Technology by 16.5% during the third quarter. OneDigital Investment Advisors LLC now owns 17,193 shares of the semiconductor company’s stock valued at $168,000 after purchasing an additional 2,431 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of ASE Technology by 12.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 544,797 shares of the semiconductor company’s stock worth $6,222,000 after purchasing an additional 61,992 shares during the period. Finally, Earnest Partners LLC lifted its position in shares of ASE Technology by 10.4% in the 2nd quarter. Earnest Partners LLC now owns 2,840,090 shares of the semiconductor company’s stock worth $32,434,000 after buying an additional 266,991 shares during the last quarter. 6.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ASX. UBS Group raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 15th. Morgan Stanley upgraded ASE Technology from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th. Finally, StockNews.com lowered ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 20th.

ASE Technology Stock Up 2.9 %

ASX stock opened at $10.16 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.38. The firm’s 50-day simple moving average is $9.93 and its 200 day simple moving average is $10.25. The stock has a market cap of $22.30 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. 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 released its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. The business had revenue of $4.96 billion for the quarter. During the same quarter in the previous year, the business posted $0.13 earnings per share. As a group, sell-side analysts predict 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.