GAMMA Investing LLC Buys 2,083 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

GAMMA Investing LLC boosted its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 28.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,521 shares of the semiconductor company’s stock after acquiring an additional 2,083 shares during the quarter. GAMMA Investing LLC’s holdings in ASE Technology were worth $96,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in ASE Technology during the second quarter worth approximately $43,000. Wilmington Savings Fund Society FSB bought a new position in shares of ASE Technology during the third quarter valued at approximately $77,000. Werba Rubin Papier Wealth Management bought a new position in shares of ASE Technology during the third quarter valued at approximately $100,000. D Orazio & Associates Inc. bought a new position in shares of ASE Technology during the second quarter valued at approximately $126,000. Finally, Leo Wealth LLC bought a new position in shares of ASE Technology during the third quarter valued at approximately $114,000. 6.80% of the stock is owned by institutional investors.

ASE Technology Stock Down 2.4 %

Shares of NYSE:ASX opened at $10.50 on Friday. ASE Technology Holding Co., Ltd. has a 52-week low of $8.10 and a 52-week high of $12.86. The stock has a market cap of $23.05 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.19. The business’s 50 day moving average is $10.00 and its 200 day moving average is $10.14. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.38.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (EPS) 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 firm had revenue of $4.96 billion during the quarter. During the same quarter in the prior year, the business posted $0.13 earnings per share. Sell-side analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.