UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 66,500 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 24.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 336,500 shares of the semiconductor company’s stock after buying an additional 66,500 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in ASE Technology were worth $3,284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ASX. Ashton Thomas Private Wealth LLC bought a new position in ASE Technology during the 2nd quarter valued at about $43,000. Fifth Third Bancorp lifted its stake in ASE Technology by 423.8% in the second quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 5,289 shares during the last quarter. Werba Rubin Papier Wealth Management purchased a new position in shares of ASE Technology during the third quarter valued at approximately $100,000. Leo Wealth LLC bought a new position in shares of ASE Technology during the third quarter valued at approximately $114,000. Finally, Cetera Advisors LLC purchased a new stake in shares of ASE Technology in the first quarter worth approximately $120,000. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Stock Performance

Shares of ASE Technology stock opened at $10.16 on Friday. The company has a market capitalization of $22.29 billion, a PE ratio of 22.57, a P/E/G ratio of 0.71 and a beta of 1.21. The company has a 50-day simple moving average of $9.93 and a two-hundred day simple moving average of $10.26. ASE Technology Holding Co., Ltd. has a one year low of $8.10 and a one year high of $12.86. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share 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 in the previous year, the company posted $0.13 earnings per share. Research analysts expect that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.