SageView Advisory Group LLC Takes Position in ASE Technology Holding Co., Ltd. $ASX

SageView Advisory Group LLC acquired a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 138,815 shares of the semiconductor company’s stock, valued at approximately $1,539,000.

Several other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE boosted its position in ASE Technology by 18.8% during the 2nd 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 in the last quarter. Rafferty Asset Management LLC lifted its stake in shares of ASE Technology by 50.9% during the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock worth $76,361,000 after purchasing an additional 2,491,918 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of ASE Technology by 38.4% during the 3rd quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock worth $80,787,000 after purchasing an additional 2,012,970 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in ASE Technology by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock valued at $50,591,000 after purchasing an additional 780,651 shares in the last quarter. Finally, Cullen Capital Management LLC grew its stake in ASE Technology by 0.7% in the third quarter. Cullen Capital Management LLC now owns 5,618,822 shares of the semiconductor company’s stock valued at $62,313,000 after purchasing an additional 38,646 shares during the last quarter. 6.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ASX has been the subject of several analyst reports. Zacks Research lowered shares of ASE Technology from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Wall Street Zen lowered shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ASE Technology presently has a consensus rating of “Hold”.

ASE Technology Stock Performance

NYSE ASX opened at $21.91 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.28. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $25.28. The stock has a 50-day simple moving average of $20.79 and a two-hundred day simple moving average of $15.90. The firm has a market capitalization of $48.60 billion, a P/E ratio of 37.78, a PEG ratio of 0.90 and a beta of 1.42.

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

ASE Technology 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.