Beverly Hills Private Wealth LLC Grows Stock Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Beverly Hills Private Wealth LLC boosted its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 5.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 22,195 shares of the semiconductor company’s stock after buying an additional 1,130 shares during the period. Beverly Hills Private Wealth LLC’s holdings in ASE Technology were worth $253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Securities Inc. purchased a new stake in shares of ASE Technology during the fourth quarter worth about $41,000. Ashton Thomas Private Wealth LLC purchased a new stake in ASE Technology during the 2nd quarter valued at approximately $43,000. Fifth Third Bancorp raised its position in shares of ASE Technology by 423.8% during the second quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 5,289 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new position in shares of ASE Technology in the first quarter worth $107,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of ASE Technology by 36.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 11,583 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 3,103 shares during the last quarter. 6.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ASX shares. Morgan Stanley downgraded shares of ASE Technology from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 25th. StockNews.com upgraded ASE Technology from a “hold” rating to a “buy” rating in a research report on Thursday.

ASE Technology Stock Up 1.3 %

NYSE ASX opened at $9.67 on Friday. The stock has a 50 day moving average price of $10.14 and a 200-day moving average price of $10.60. ASE Technology Holding Co., Ltd. has a one year low of $7.25 and a one year high of $12.86. The company has a market capitalization of $21.22 billion, a P/E ratio of 21.00, a P/E/G ratio of 0.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.17.

ASE Technology (NYSE:ASX) last announced its 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. The firm had revenue of $4.33 billion for the quarter. ASE Technology had a net margin of 5.38% and a return on equity of 9.90%. During the same quarter in the prior year, the company posted $0.12 earnings per share. As a group, equities analysts predict that ASE Technology Holding Co., Ltd. will post 0.51 EPS for the current fiscal year.

ASE Technology 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.