Driehaus Capital Management LLC Increases Stock Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Driehaus Capital Management LLC increased its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 105.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 982,028 shares of the semiconductor company’s stock after acquiring an additional 503,765 shares during the quarter. Driehaus Capital Management LLC’s holdings in ASE Technology were worth $11,215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ASX. Earnest Partners LLC raised its position in shares of ASE Technology by 10.4% during the 2nd quarter. Earnest Partners LLC now owns 2,840,090 shares of the semiconductor company’s stock worth $32,434,000 after purchasing an additional 266,991 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of ASE Technology by 528.5% during the second quarter. Squarepoint Ops LLC now owns 478,766 shares of the semiconductor company’s stock valued at $5,468,000 after acquiring an additional 402,585 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of ASE Technology in the second quarter valued at approximately $741,000. EverSource Wealth Advisors LLC lifted its position in shares of ASE Technology by 13.7% in the second quarter. EverSource Wealth Advisors LLC now owns 17,295 shares of the semiconductor company’s stock valued at $198,000 after acquiring an additional 2,083 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its stake in shares of ASE Technology by 46.4% in the second quarter. Mount Yale Investment Advisors LLC now owns 51,704 shares of the semiconductor company’s stock worth $590,000 after acquiring an additional 16,393 shares during the last quarter. 6.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ASX. StockNews.com lowered ASE Technology from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Morgan Stanley raised shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.

ASE Technology Stock Performance

Shares of ASE Technology stock opened at $10.19 on Monday. The business’s 50 day moving average price is $9.75 and its 200 day moving average price is $10.57. The company has a market cap of $22.34 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 0.66 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 one year low of $7.32 and a one year high of $12.86.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter. During the same period in the previous year, the firm posted $0.12 EPS. On average, research analysts predict that ASE Technology Holding Co., Ltd. will post 0.51 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.