LSV Asset Management Has $5.43 Million Holdings in ASE Technology Holding Co., Ltd. $ASX

LSV Asset Management lessened its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 37.1% during the 2nd quarter, Holdings Channel reports. The firm owned 525,700 shares of the semiconductor company’s stock after selling 310,077 shares during the period. LSV Asset Management’s holdings in ASE Technology were worth $5,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Greenleaf Trust lifted its holdings in ASE Technology by 8.8% in the second quarter. Greenleaf Trust now owns 11,801 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 952 shares during the period. Rehmann Capital Advisory Group grew its holdings in ASE Technology by 9.6% during the 2nd quarter. Rehmann Capital Advisory Group now owns 11,128 shares of the semiconductor company’s stock worth $115,000 after acquiring an additional 973 shares during the period. Legacy Financial Advisors Inc. raised its position in shares of ASE Technology by 5.3% during the 1st quarter. Legacy Financial Advisors Inc. now owns 20,611 shares of the semiconductor company’s stock valued at $181,000 after acquiring an additional 1,042 shares during the last quarter. Choreo LLC lifted its stake in shares of ASE Technology by 10.7% in the 1st quarter. Choreo LLC now owns 11,520 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 1,113 shares during the period. Finally, HB Wealth Management LLC boosted its position in shares of ASE Technology by 9.8% in the 2nd quarter. HB Wealth Management LLC now owns 14,494 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 1,291 shares during the last quarter. 6.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Nomura upgraded ASE Technology from a “neutral” rating to a “buy” rating in a report on Thursday, October 30th. Nomura Securities upgraded ASE Technology to a “strong-buy” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of ASE Technology in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

ASE Technology Trading Down 2.3%

NYSE:ASX opened at $13.75 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.79. The business’s 50-day simple moving average is $12.87 and its 200-day simple moving average is $11.06. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $16.39. The stock has a market capitalization of $30.34 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45.

ASE Technology (NYSE:ASX) last announced its earnings results on Thursday, October 30th. The semiconductor company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $162.64 billion. Sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal 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.