Goldman Sachs Group Inc. Has $97.04 Million Position in ASE Technology Holding Co., Ltd. $ASX

Goldman Sachs Group Inc. lowered its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 26.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,027,209 shares of the semiconductor company’s stock after selling 2,204,965 shares during the period. Goldman Sachs Group Inc.’s holdings in ASE Technology were worth $97,038,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Natixis Advisors LLC boosted its stake in shares of ASE Technology by 1.7% during the 4th quarter. Natixis Advisors LLC now owns 2,543,138 shares of the semiconductor company’s stock valued at $40,945,000 after buying an additional 42,623 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of ASE Technology by 59.7% during the 4th quarter. BNP Paribas Financial Markets now owns 898,625 shares of the semiconductor company’s stock valued at $14,468,000 after buying an additional 335,973 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in shares of ASE Technology during the 4th quarter valued at $2,653,000. Triglav Investments D.O.O. acquired a new stake in shares of ASE Technology during the 4th quarter valued at $1,248,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of ASE Technology by 43.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 12,831 shares of the semiconductor company’s stock valued at $207,000 after buying an additional 3,873 shares during the period. Institutional investors and hedge funds own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

ASE Technology Stock Down 1.3%

ASE Technology stock opened at $35.04 on Wednesday. The company has a market capitalization of $77.91 billion, a P/E ratio of 51.53, a P/E/G ratio of 0.71 and a beta of 1.72. The firm’s fifty day simple moving average is $31.22 and its 200-day simple moving average is $23.37. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. ASE Technology Holding Co., Ltd. has a 1-year low of $9.30 and a 1-year high of $41.10.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.32 billion. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. Sell-side analysts forecast that ASE Technology Holding Co., Ltd. will post 1.05 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.