Natixis Advisors LLC Purchases 42,623 Shares of ASE Technology Holding Co., Ltd. $ASX

Natixis Advisors LLC lifted its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,543,138 shares of the semiconductor company’s stock after buying an additional 42,623 shares during the quarter. Natixis Advisors LLC owned about 0.11% of ASE Technology worth $40,945,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of ASE Technology by 9.6% in the third quarter. Bank of America Corp DE now owns 9,661,484 shares of the semiconductor company’s stock valued at $107,146,000 after buying an additional 846,300 shares in the last quarter. UBS Group AG grew its stake in shares of ASE Technology by 11.4% in the fourth quarter. UBS Group AG now owns 9,038,322 shares of the semiconductor company’s stock valued at $145,517,000 after buying an additional 922,692 shares in the last quarter. Rafferty Asset Management LLC grew its stake in shares of ASE Technology by 50.9% in the second quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock valued at $76,361,000 after buying an additional 2,491,918 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of ASE Technology by 38.4% in the third quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock valued at $80,787,000 after buying an additional 2,012,970 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of ASE Technology by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock valued at $50,591,000 after buying an additional 780,651 shares in the last quarter. 6.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ASX has been the subject of several analyst reports. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.

ASE Technology Price Performance

NYSE:ASX opened at $39.92 on Thursday. ASE Technology Holding Co., Ltd. has a one year low of $9.30 and a one year high of $41.10. The company has a market cap of $88.75 billion, a P/E ratio of 58.70, a P/E/G ratio of 0.78 and a beta of 1.72. The firm’s fifty day moving average price is $30.10 and its two-hundred day moving average price is $22.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.32 billion. Equities analysts expect that ASE Technology Holding Co., Ltd. will post 1.05 earnings per share for the current year.

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.