Gunderson Capital Management LLC Makes New $9.30 Million Investment in ASE Technology Holding Co., Ltd. $ASX

Gunderson Capital Management LLC acquired a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 209,276 shares of the semiconductor company’s stock, valued at approximately $9,304,000. ASE Technology comprises approximately 2.5% of Gunderson Capital Management LLC’s investment portfolio, making the stock its 20th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nilsine Partners LLC acquired a new stake in shares of ASE Technology during the second quarter valued at about $1,278,000. Nykredit A S purchased a new stake in shares of ASE Technology in the 2nd quarter valued at approximately $14,247,000. Navellier & Associates Inc. acquired a new position in shares of ASE Technology in the 2nd quarter worth approximately $3,975,000. Hsbc Holdings PLC lifted its holdings in shares of ASE Technology by 7.5% in the 1st quarter. Hsbc Holdings PLC now owns 2,014,412 shares of the semiconductor company’s stock worth $43,654,000 after acquiring an additional 140,628 shares during the last quarter. Finally, Barometer Capital Management Inc. purchased a new position in shares of ASE Technology during the 1st quarter worth approximately $3,003,000. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Trading Down 6.6%

NYSE:ASX traded down $2.93 on Thursday, reaching $41.40. 5,814,929 shares of the company’s stock were exchanged, compared to its average volume of 8,498,379. The firm has a market capitalization of $92.55 billion, a price-to-earnings ratio of 48.17 and a beta of 1.66. ASE Technology Holding Co., Ltd. has a 52-week low of $12.31 and a 52-week high of $47.93. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average of $40.76 and a 200-day moving average of $36.84.

ASE Technology (NYSE:ASX) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. ASE Technology had a net margin of 8.52% and a return on equity of 16.12%. The business had revenue of $81.66 million during the quarter, compared to analyst estimates of $5.96 billion. As a group, analysts expect that ASE Technology Holding Co., Ltd. will post 1.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ASX has been the subject of a number of research analyst reports. Wall Street Zen cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. Weiss Ratings upgraded ASE Technology from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Finally, Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, ASE Technology currently has an average rating of “Buy”.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd. is a Taiwan-based provider of semiconductor manufacturing services. Through its subsidiaries, the company offers outsourced semiconductor assembly and testing (OSAT) services, helping chip manufacturers package and test integrated circuits before they are incorporated into electronic products.

Its services include wafer probing, wafer bumping, flip-chip and wire-bond packaging, system-in-package and other advanced packaging technologies, as well as final testing and related engineering services.