Creative Planning Acquires 112,879 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Creative Planning raised its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 93.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 234,004 shares of the semiconductor company’s stock after buying an additional 112,879 shares during the period. Creative Planning’s holdings in ASE Technology were worth $2,277,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ASX. Russell Investments Group Ltd. boosted its holdings in shares of ASE Technology by 1,796.7% in the 1st quarter. Russell Investments Group Ltd. now owns 221,531 shares of the semiconductor company’s stock valued at $2,437,000 after buying an additional 209,851 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of ASE Technology in the 1st quarter valued at approximately $812,000. Capstone Investment Advisors LLC lifted its holdings in ASE Technology by 640.1% during the 1st quarter. Capstone Investment Advisors LLC now owns 107,192 shares of the semiconductor company’s stock valued at $1,178,000 after purchasing an additional 92,708 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in ASE Technology by 89.7% during the 1st quarter. Acadian Asset Management LLC now owns 9,861,612 shares of the semiconductor company’s stock valued at $108,364,000 after purchasing an additional 4,664,258 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in ASE Technology during the 2nd quarter valued at $1,901,000. 6.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

ASE Technology Stock Up 2.0 %

Shares of NYSE ASX opened at $10.32 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.17. ASE Technology Holding Co., Ltd. has a 52 week low of $7.33 and a 52 week high of $12.86. The stock has a market capitalization of $22.62 billion, a P/E ratio of 22.43, a PEG ratio of 0.65 and a beta of 1.22. The stock’s fifty day moving average is $9.86 and its 200 day moving average is $10.43.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. ASE Technology had a return on equity of 9.90% and a net margin of 5.38%. The company had revenue of $4.33 billion for the quarter. During the same quarter in the previous year, the business posted $0.12 EPS. Sell-side analysts forecast that ASE Technology Holding Co., Ltd. will post 0.51 earnings per share for the current fiscal year.

ASE Technology 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.