Orion Portfolio Solutions LLC Boosts Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Orion Portfolio Solutions LLC increased its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,145 shares of the semiconductor company’s stock after buying an additional 12,780 shares during the period. Orion Portfolio Solutions LLC’s holdings in ASE Technology were worth $1,358,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ASX. Ashton Thomas Private Wealth LLC bought a new position in ASE Technology during the 2nd quarter worth about $43,000. Fifth Third Bancorp grew its holdings in ASE Technology by 423.8% during the 2nd quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 5,289 shares in the last quarter. Werba Rubin Papier Wealth Management bought a new position in ASE Technology during the 3rd quarter worth about $100,000. Leo Wealth LLC bought a new position in ASE Technology during the 3rd quarter worth about $114,000. Finally, Cetera Advisors LLC bought a new position in ASE Technology during the 1st quarter worth about $120,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on ASX. StockNews.com cut shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Friday, September 20th. UBS Group upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley upgraded shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th.

ASE Technology Stock Up 2.9 %

NYSE:ASX opened at $10.16 on Friday. ASE Technology Holding Co., Ltd. has a fifty-two week low of $8.10 and a fifty-two week high of $12.86. The stock has a market capitalization of $22.30 billion, a P/E ratio of 22.58, a P/E/G ratio of 0.71 and a beta of 1.21. 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 company’s 50-day simple moving average is $9.93 and its 200-day simple moving average is $10.25.

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). The firm had revenue of $4.96 billion during the quarter. ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. During the same quarter in the prior year, the company earned $0.13 EPS. On average, equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current fiscal year.

About ASE Technology

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.