Cwm LLC Has $191,000 Stock Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Cwm LLC raised its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 18.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 19,583 shares of the semiconductor company’s stock after buying an additional 3,061 shares during the period. Cwm LLC’s holdings in ASE Technology were worth $191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC boosted its position in ASE Technology by 89.7% during the first quarter. Acadian Asset Management LLC now owns 9,861,612 shares of the semiconductor company’s stock worth $108,364,000 after purchasing an additional 4,664,258 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of ASE Technology by 2.8% in the first quarter. Lazard Asset Management LLC now owns 21,308,753 shares of the semiconductor company’s stock worth $234,182,000 after acquiring an additional 584,333 shares during the last quarter. Driehaus Capital Management LLC increased its stake in shares of ASE Technology by 105.3% in the second quarter. Driehaus Capital Management LLC now owns 982,028 shares of the semiconductor company’s stock valued at $11,215,000 after buying an additional 503,765 shares during the period. Squarepoint Ops LLC increased its position in ASE Technology by 528.5% during the 2nd quarter. Squarepoint Ops LLC now owns 478,766 shares of the semiconductor company’s stock valued at $5,468,000 after purchasing an additional 402,585 shares during the period. Finally, Earnest Partners LLC increased its position in ASE Technology by 10.4% during the 2nd quarter. Earnest Partners LLC now owns 2,840,090 shares of the semiconductor company’s stock valued at $32,434,000 after purchasing an additional 266,991 shares during the period. 6.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

ASE Technology Stock Down 1.8 %

ASX stock opened at $10.15 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $22.25 billion, a PE ratio of 22.07, a PEG ratio of 0.65 and a beta of 1.22. ASE Technology Holding Co., Ltd. has a twelve month low of $7.33 and a twelve month high of $12.86. The stock has a 50-day simple moving average of $9.85 and a two-hundred day simple moving average of $10.44.

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