ASE Technology Holding Co., Ltd. $ASX Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 55.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,958,901 shares of the semiconductor company’s stock after purchasing an additional 1,057,046 shares during the quarter. JPMorgan Chase & Co. owned 0.13% of ASE Technology worth $32,814,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ASX. PNC Financial Services Group Inc. grew its stake in ASE Technology by 15.9% during the third quarter. PNC Financial Services Group Inc. now owns 119,955 shares of the semiconductor company’s stock worth $1,330,000 after buying an additional 16,435 shares during the period. Aberdeen Group plc purchased a new stake in ASE Technology during the 3rd quarter worth $237,000. Caprock Group LLC acquired a new stake in ASE Technology in the 3rd quarter valued at $913,000. Rhumbline Advisers raised its position in ASE Technology by 0.6% in the third quarter. Rhumbline Advisers now owns 631,232 shares of the semiconductor company’s stock valued at $7,000,000 after purchasing an additional 3,471 shares during the period. Finally, Wealthstream Advisors Inc. lifted its stake in shares of ASE Technology by 19.9% during the third quarter. Wealthstream Advisors Inc. now owns 17,574 shares of the semiconductor company’s stock worth $195,000 after purchasing an additional 2,913 shares in the last quarter. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Price Performance

ASX stock opened at $24.29 on Friday. The stock’s 50 day moving average is $19.78 and its two-hundred day moving average is $15.18. ASE Technology Holding Co., Ltd. has a 52-week low of $6.94 and a 52-week high of $25.28. The company has a market capitalization of $53.87 billion, a PE ratio of 41.87, a P/E/G ratio of 1.00 and a beta of 1.48. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 0.57.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ASX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Zacks Research cut shares of ASE Technology from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. One 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 stock. According to MarketBeat.com, ASE Technology has an average rating of “Hold”.

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.