Citigroup Inc. Purchases 382,425 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Citigroup Inc. lifted its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,323,059 shares of the semiconductor company’s stock after purchasing an additional 382,425 shares during the quarter. Citigroup Inc. owned 0.20% of ASE Technology worth $42,193,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. West Family Investments Inc. lifted its position in ASE Technology by 106.4% in the 3rd quarter. West Family Investments Inc. now owns 43,386 shares of the semiconductor company’s stock valued at $423,000 after acquiring an additional 22,370 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in ASE Technology by 7.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 133,294 shares of the semiconductor company’s stock valued at $1,301,000 after acquiring an additional 8,980 shares in the last quarter. Caprock Group LLC lifted its position in ASE Technology by 5.9% in the 3rd quarter. Caprock Group LLC now owns 91,688 shares of the semiconductor company’s stock valued at $895,000 after acquiring an additional 5,074 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in ASE Technology by 9.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 132,583 shares of the semiconductor company’s stock valued at $1,294,000 after acquiring an additional 11,063 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in ASE Technology by 16.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 17,193 shares of the semiconductor company’s stock valued at $168,000 after acquiring an additional 2,431 shares in the last quarter. 6.80% of the stock is owned by institutional investors.

ASE Technology Stock Up 1.2 %

Shares of ASX opened at $9.93 on Monday. ASE Technology Holding Co., Ltd. has a 52 week low of $8.10 and a 52 week high of $12.86. The firm has a market cap of $21.80 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 0.69 and a beta of 1.22. The firm’s 50-day simple moving average is $9.93 and its 200 day simple moving average is $10.34. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18.

ASE Technology (NYSE:ASX) last announced its earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. The business had revenue of $4.96 billion for the quarter. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, analysts forecast that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ASX. StockNews.com cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Morgan Stanley raised shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th. Finally, UBS Group raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 15th.

ASE Technology Company Profile

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.