ASE Technology Holding Co., Ltd. (NYSE:ASX) Position Trimmed by Wealth Alliance

Wealth Alliance trimmed its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 7.4% during the second quarter, Holdings Channel reports. The firm owned 23,573 shares of the semiconductor company’s stock after selling 1,878 shares during the quarter. Wealth Alliance’s holdings in ASE Technology were worth $269,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ASX. Russell Investments Group Ltd. boosted its position in ASE Technology by 1,796.7% during the 1st quarter. Russell Investments Group Ltd. now owns 221,531 shares of the semiconductor company’s stock valued at $2,437,000 after purchasing an additional 209,851 shares during the period. Diversify Advisory Services LLC acquired a new position in shares of ASE Technology during the first quarter valued at $812,000. Capstone Investment Advisors LLC grew its position in shares of ASE Technology by 640.1% during the first quarter. Capstone Investment Advisors LLC now owns 107,192 shares of the semiconductor company’s stock worth $1,178,000 after acquiring an additional 92,708 shares during the last quarter. Virtu Financial LLC bought a new position in shares of ASE Technology during the fourth quarter worth about $667,000. Finally, Acadian Asset Management LLC increased its holdings in shares of ASE Technology by 89.7% in the 1st quarter. Acadian Asset Management LLC now owns 9,861,612 shares of the semiconductor company’s stock worth $108,364,000 after acquiring an additional 4,664,258 shares during the period. 6.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on ASX. StockNews.com cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley upgraded ASE Technology from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th.

ASE Technology Trading Down 1.4 %

NYSE:ASX opened at $9.88 on Friday. The stock has a market cap of $21.66 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 0.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.17. ASE Technology Holding Co., Ltd. has a 1 year low of $7.25 and a 1 year high of $12.86. The business has a fifty day moving average of $9.88 and a 200-day moving average of $10.60.

ASE Technology (NYSE:ASX) last announced its earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. ASE Technology had a net margin of 5.38% and a return on equity of 9.90%. The firm had revenue of $4.33 billion during the quarter. During the same quarter in the prior year, the company earned $0.12 EPS. Equities analysts predict that ASE Technology Holding Co., Ltd. will post 0.51 earnings per share 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.