Short Interest in ASE Technology Holding Co., Ltd. (NYSE:ASX) Decreases By 19.8%

ASE Technology Holding Co., Ltd. (NYSE:ASX) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 4,127,656 shares, a decrease of 19.8% from the February 26th total of 5,143,852 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 8,086,608 shares, the days-to-cover ratio is currently 0.5 days.

ASE Technology Price Performance

ASX opened at $21.54 on Monday. ASE Technology has a 1 year low of $6.94 and a 1 year high of $25.28. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.28 and a quick ratio of 1.00. The company has a market capitalization of $47.77 billion, a price-to-earnings ratio of 37.13, a P/E/G ratio of 0.89 and a beta of 1.41. The firm’s fifty day moving average price is $21.69 and its two-hundred day moving average price is $16.89.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. ASE Technology had a net margin of 6.31% and a return on equity of 12.00%. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.47 billion. As a group, analysts anticipate that ASE Technology will post 0.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ASX. Zacks Research lowered 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 report on Saturday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ASE Technology has a consensus rating of “Hold”.

Institutional Investors Weigh In On ASE Technology

Hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC lifted its position in shares of ASE Technology by 17.3% during the 4th quarter. Hsbc Holdings PLC now owns 1,873,784 shares of the semiconductor company’s stock valued at $30,147,000 after buying an additional 276,926 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in ASE Technology by 26.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 12,299 shares of the semiconductor company’s stock valued at $198,000 after acquiring an additional 2,607 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in ASE Technology by 180,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,810 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 1,809 shares during the last quarter. Groupama Asset Managment boosted its holdings in ASE Technology by 1.7% in the 4th quarter. Groupama Asset Managment now owns 81,792 shares of the semiconductor company’s stock worth $1,317,000 after buying an additional 1,346 shares during the period. Finally, SG Trading Solutions LLC purchased a new position in ASE Technology in the 4th quarter valued at approximately $453,000. 6.80% of the stock is currently owned by institutional investors.

About ASE Technology

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.