D Orazio & Associates Inc. Makes New $126,000 Investment in ASE Technology Holding Co., Ltd. (NYSE:ASX)

D Orazio & Associates Inc. purchased a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) in the second quarter, HoldingsChannel reports. The firm purchased 11,057 shares of the semiconductor company’s stock, valued at approximately $126,000.

Several other institutional investors have also made changes to their positions in ASX. Russell Investments Group Ltd. increased its holdings in ASE Technology by 1,796.7% in the 1st quarter. Russell Investments Group Ltd. now owns 221,531 shares of the semiconductor company’s stock valued at $2,437,000 after buying an additional 209,851 shares during the period. Diversify Advisory Services LLC acquired a new position in ASE Technology during the first quarter valued at approximately $812,000. Capstone Investment Advisors LLC lifted its stake in ASE Technology by 640.1% during the first quarter. Capstone Investment Advisors LLC now owns 107,192 shares of the semiconductor company’s stock worth $1,178,000 after purchasing an additional 92,708 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of ASE Technology in the 4th quarter valued at $667,000. Finally, Acadian Asset Management LLC increased its stake in shares of 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 purchasing an additional 4,664,258 shares during the last quarter. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Trading Down 0.2 %

Shares of ASE Technology stock opened at $9.55 on Friday. The firm has a market capitalization of $20.92 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 0.59 and a beta of 1.22. 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’s 50 day moving average is $10.14 and its 200 day moving average is $10.60. ASE Technology Holding Co., Ltd. has a 1 year low of $7.25 and a 1 year high of $12.86.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. ASE Technology had a net margin of 5.38% and a return on equity of 9.90%. The company had revenue of $4.33 billion for the quarter. During the same period last year, the firm posted $0.12 earnings per share. Equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ASX has been the subject of several recent analyst reports. Morgan Stanley downgraded ASE Technology from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 25th. StockNews.com raised shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Thursday.

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.