ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Acquired by Cullen Capital Management LLC

Cullen Capital Management LLC increased its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,424,100 shares of the semiconductor company’s stock after buying an additional 14,831 shares during the period. Cullen Capital Management LLC’s holdings in ASE Technology were worth $44,551,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ASX. TIAA Trust National Association raised its holdings in shares of ASE Technology by 7.6% during the 4th quarter. TIAA Trust National Association now owns 14,846 shares of the semiconductor company’s stock worth $149,000 after acquiring an additional 1,054 shares during the period. Allworth Financial LP increased its position in ASE Technology by 42.5% during the fourth quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 1,104 shares during the last quarter. Franklin Resources Inc. raised its stake in ASE Technology by 9.1% during the fourth quarter. Franklin Resources Inc. now owns 15,526 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 1,290 shares during the period. Aaron Wealth Advisors LLC boosted its holdings in ASE Technology by 5.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 24,422 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 1,370 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of ASE Technology by 0.3% in the 4th quarter. Sei Investments Co. now owns 486,170 shares of the semiconductor company’s stock valued at $4,896,000 after buying an additional 1,629 shares during the period. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Trading Down 6.1 %

ASX opened at $7.70 on Friday. The business’s 50 day moving average price is $9.93 and its 200 day moving average price is $10.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 1.19. The stock has a market capitalization of $17.00 billion, a PE ratio of 17.12, a P/E/G ratio of 0.47 and a beta of 1.21. ASE Technology Holding Co., Ltd. has a one year low of $7.53 and a one year high of $12.86.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. As a group, equities research analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

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.