Sequoia Financial Advisors LLC Sells 3,143 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Sequoia Financial Advisors LLC cut its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 3.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,667 shares of the semiconductor company’s stock after selling 3,143 shares during the period. Sequoia Financial Advisors LLC’s holdings in ASE Technology were worth $914,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC raised its holdings in 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 valued at $108,364,000 after buying an additional 4,664,258 shares during the last quarter. Lazard Asset Management LLC grew its position in ASE Technology by 2.8% in the 1st quarter. Lazard Asset Management LLC now owns 21,308,753 shares of the semiconductor company’s stock valued at $234,182,000 after purchasing an additional 584,333 shares during the period. Driehaus Capital Management LLC boosted its holdings in ASE Technology by 105.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 982,028 shares of the semiconductor company’s stock worth $11,215,000 after acquiring an additional 503,765 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in ASE Technology by 528.5% during the 2nd quarter. Squarepoint Ops LLC now owns 478,766 shares of the semiconductor company’s stock worth $5,468,000 after acquiring an additional 402,585 shares during the last quarter. Finally, Earnest Partners LLC raised its stake 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 period. 6.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

ASE Technology Stock Performance

Shares of ASE Technology stock opened at $10.32 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $22.62 billion, a P/E ratio of 22.43, a P/E/G ratio of 0.65 and a beta of 1.22. The business has a fifty day simple moving average of $9.86 and a two-hundred day simple moving average of $10.44. ASE Technology Holding Co., Ltd. has a 12 month low of $7.33 and a 12 month high of $12.86.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company 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 quarter in the previous year, the business posted $0.12 earnings per share. On average, equities analysts forecast that ASE Technology Holding Co., Ltd. will post 0.51 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.