ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 10.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 15,167,615 shares of the semiconductor company’s stock after acquiring an additional 1,481,424 shares during the period. Fisher Asset Management LLC’s holdings in ASE Technology were worth $148,036,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ASX. Larson Financial Group LLC grew its position in shares of ASE Technology by 5.5% during the 3rd quarter. Larson Financial Group LLC now owns 216,551 shares of the semiconductor company’s stock valued at $2,114,000 after acquiring an additional 11,325 shares during the period. Cerity Partners LLC grew its holdings in ASE Technology by 28.0% in the third quarter. Cerity Partners LLC now owns 126,211 shares of the semiconductor company’s stock valued at $1,232,000 after purchasing an additional 27,596 shares during the period. Citigroup Inc. grew its holdings in ASE Technology by 9.7% in the third quarter. Citigroup Inc. now owns 4,323,059 shares of the semiconductor company’s stock valued at $42,193,000 after purchasing an additional 382,425 shares during the period. West Family Investments Inc. raised its stake in shares of ASE Technology by 106.4% during the 3rd quarter. West Family Investments Inc. now owns 43,386 shares of the semiconductor company’s stock worth $423,000 after buying an additional 22,370 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of ASE Technology by 7.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 133,294 shares of the semiconductor company’s stock valued at $1,301,000 after buying an additional 8,980 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

NYSE ASX opened at $9.91 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89. ASE Technology Holding Co., Ltd. has a 1-year low of $8.10 and a 1-year high of $12.86. The company has a market cap of $21.75 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 0.70 and a beta of 1.22. The stock’s 50 day simple moving average is $9.93 and its 200-day simple moving average is $10.34.

ASE Technology (NYSE:ASX) last announced its earnings results 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). The business had revenue of $4.96 billion for the quarter. ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. During the same quarter in the previous year, the business posted $0.13 earnings per share. As a group, equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ASX has been the subject of several recent analyst reports. Morgan Stanley raised shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th. StockNews.com cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, UBS Group raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th.

ASE Technology Company 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.