Legacy Financial Advisors Inc. Buys New Stake in ASE Technology Holding Co., Ltd. $ASX

Legacy Financial Advisors Inc. purchased a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,822 shares of the semiconductor company’s stock, valued at approximately $242,000.

A number of other institutional investors have also modified their holdings of ASX. Rafferty Asset Management LLC boosted its stake in shares of ASE Technology by 50.9% in the second quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock worth $76,361,000 after buying an additional 2,491,918 shares during the last quarter. Bank of America Corp DE lifted its holdings in ASE Technology by 18.8% in the second quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock valued at $91,061,000 after acquiring an additional 1,397,206 shares during the period. Jump Financial LLC lifted its holdings in ASE Technology by 897.5% in the second quarter. Jump Financial LLC now owns 1,366,018 shares of the semiconductor company’s stock valued at $14,111,000 after acquiring an additional 1,229,068 shares during the period. Cullen Capital Management LLC boosted its position in ASE Technology by 24.1% in the 2nd quarter. Cullen Capital Management LLC now owns 5,580,176 shares of the semiconductor company’s stock worth $57,643,000 after purchasing an additional 1,082,941 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of ASE Technology by 55.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,958,901 shares of the semiconductor company’s stock worth $32,814,000 after purchasing an additional 1,057,046 shares during the period. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ASX. Nomura raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a report on Thursday, October 30th. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research lowered shares of ASE Technology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

ASE Technology Stock Performance

NYSE:ASX opened at $24.84 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.28. The stock has a market capitalization of $55.09 billion, a PE ratio of 42.82, a P/E/G ratio of 0.97 and a beta of 1.48. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $25.04. The company has a fifty day moving average of $19.20 and a two-hundred day moving average of $14.94.

ASE Technology (NYSE:ASX) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). ASE Technology had a net margin of 6.31% and a return on equity of 12.00%. The company had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.47 billion. As a group, research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.