ASE Technology Holding Co., Ltd. (NYSE:ASX) Short Interest Down 6.0% in December

ASE Technology Holding Co., Ltd. (NYSE:ASX) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 10,130,000 shares, a decrease of 6.0% from the November 30th total of 10,780,000 shares. Based on an average trading volume of 6,820,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in ASE Technology by 103.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,571,208 shares of the semiconductor company’s stock valued at $34,855,000 after purchasing an additional 1,818,753 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in ASE Technology in the 3rd quarter valued at approximately $77,000. TT International Asset Management LTD boosted its stake in ASE Technology by 14.8% during the 3rd quarter. TT International Asset Management LTD now owns 2,063,535 shares of the semiconductor company’s stock valued at $20,140,000 after purchasing an additional 265,767 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of ASE Technology by 20.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 18,701 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 3,186 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of ASE Technology in the third quarter worth $767,000. Institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Down 0.8 %

Shares of NYSE ASX traded down $0.08 during mid-day trading on Wednesday, hitting $10.07. 8,563,371 shares of the stock traded hands, compared to its average volume of 6,932,226. The stock has a fifty day moving average price of $9.94 and a 200-day moving average price of $10.18. 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 has a market cap of $22.10 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 0.71 and a beta of 1.21. ASE Technology has a 52 week low of $8.10 and a 52 week high of $12.86.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. The business had revenue of $4.96 billion during the quarter. During the same period last year, the firm posted $0.13 EPS. Research analysts anticipate that ASE Technology will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. UBS Group raised ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th. StockNews.com lowered ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Morgan Stanley upgraded ASE Technology from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th.

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.