Envestnet Asset Management Inc. acquired a new position in ASE Technology Holding Co Ltd (NYSE:ASX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 165,382 shares of the semiconductor company’s stock, valued at approximately $761,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new stake in shares of ASE Technology in the 2nd quarter worth approximately $4,061,000. PNC Financial Services Group Inc. bought a new stake in shares of ASE Technology in the 2nd quarter worth approximately $136,000. Dimensional Fund Advisors LP bought a new stake in shares of ASE Technology in the 2nd quarter worth approximately $9,758,000. BlackRock Inc. bought a new stake in shares of ASE Technology in the 2nd quarter worth approximately $1,382,000. Finally, Gradient Investments LLC lifted its holdings in shares of ASE Technology by 44.0% in the 2nd quarter. Gradient Investments LLC now owns 455,147 shares of the semiconductor company’s stock worth $2,094,000 after acquiring an additional 139,092 shares during the last quarter. Hedge funds and other institutional investors own 5.45% of the company’s stock.
NYSE:ASX traded up $0.07 during midday trading on Friday, reaching $4.11. 865,546 shares of the stock traded hands, compared to its average volume of 699,429. ASE Technology Holding Co Ltd has a 12 month low of $4.02 and a 12 month high of $8.00. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $10.55 billion, a P/E ratio of 12.09 and a beta of 0.77.
A number of equities research analysts have recently weighed in on the stock. CLSA lowered shares of ASE Technology from an “outperform” rating to an “underperform” rating in a report on Monday, October 8th. ValuEngine lowered shares of ASE Technology from a “hold” rating to a “sell” rating in a report on Saturday, October 6th. Finally, JPMorgan Chase & Co. lowered shares of ASE Technology from an “overweight” rating to a “neutral” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $8.25.
About ASE Technology
ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services (EMS) in the United States, Taiwan, Asia, Europe, and internationally. The company offers packaging services, including flip-chip ball grid array (BGA), flip-chip chip scale package (fcCSP), advanced chip scale packages (aCSP), quad flat packages, thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, high-band package on package, and 3D chip packages; stacked die solutions in various package types; and copper wire and silver bonding solutions, as well as module-based solutions.
See Also: Outstanding Shares
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