Ovata Capital Management Ltd Takes $2.76 Million Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Ovata Capital Management Ltd acquired a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 272,200 shares of the semiconductor company’s stock, valued at approximately $2,761,000. ASE Technology makes up approximately 1.1% of Ovata Capital Management Ltd’s portfolio, making the stock its 20th biggest holding.

A number of other hedge funds have also modified their holdings of the stock. Atlas Capital Advisors Inc. boosted its position in shares of ASE Technology by 93.6% in the 4th quarter. Atlas Capital Advisors Inc. now owns 29,125 shares of the semiconductor company’s stock valued at $293,000 after purchasing an additional 14,083 shares during the period. National Bank of Canada FI acquired a new position in shares of ASE Technology in the fourth quarter worth about $4,876,000. Franklin Resources Inc. increased its position in shares of ASE Technology by 9.1% in the fourth quarter. Franklin Resources Inc. now owns 15,526 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 1,290 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of ASE Technology by 0.3% during the fourth quarter. Schroder Investment Management Group now owns 4,371,391 shares of the semiconductor company’s stock valued at $44,370,000 after acquiring an additional 12,767 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its position in shares of ASE Technology by 33.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 185,028 shares of the semiconductor company’s stock valued at $1,863,000 after acquiring an additional 45,883 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Trading Down 6.1 %

NYSE ASX opened at $7.70 on Friday. The firm’s 50 day moving average price is $9.93 and its two-hundred day moving average price is $10.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 1.19. ASE Technology Holding Co., Ltd. has a twelve month low of $7.53 and a twelve month high of $12.86. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 0.47 and a beta of 1.21.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. Equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

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.