ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 7.9% in the third quarter, Holdings Channel.com reports. The firm owned 194,371 shares of the semiconductor company’s stock after selling 16,785 shares during the period. Ritholtz Wealth Management’s holdings in ASE Technology were worth $1,897,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in ASE Technology during the 2nd quarter worth $43,000. Fifth Third Bancorp grew its holdings in ASE Technology by 423.8% during the 2nd quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 5,289 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new position in ASE Technology during the 1st quarter worth $107,000. Cetera Advisors LLC acquired a new position in ASE Technology during the 1st quarter worth $120,000. Finally, D Orazio & Associates Inc. acquired a new position in ASE Technology during the 2nd quarter worth $126,000. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Trading Up 2.4 %

Shares of NYSE:ASX opened at $9.96 on Monday. The company has a market cap of $21.83 billion, a PE ratio of 21.65, a P/E/G ratio of 0.65 and a beta of 1.22. The company’s 50-day moving average price is $9.68 and its 200 day moving average price is $10.47. ASE Technology Holding Co., Ltd. has a fifty-two week low of $7.33 and a fifty-two week high of $12.86. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.33.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates 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 quarter last year, the firm posted $0.12 earnings per share. Sell-side analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ASX. StockNews.com lowered shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Morgan Stanley raised shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a report 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.