158,591 ASE Technology Holding Co., Ltd. $ASX Shares Purchased by Candriam S.C.A.

Candriam S.C.A. lifted its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 705.8% in the third quarter, HoldingsChannel.com reports. The fund owned 181,060 shares of the semiconductor company’s stock after purchasing an additional 158,591 shares during the period. Candriam S.C.A.’s holdings in ASE Technology were worth $8,079,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ASX. Nilsine Partners LLC purchased a new stake in ASE Technology during the 2nd quarter valued at $1,278,000. Nykredit A S bought a new position in shares of ASE Technology during the 2nd quarter valued at $14,247,000. Navellier & Associates Inc. bought a new position in shares of ASE Technology during the 2nd quarter valued at $3,975,000. Blue Jean Financial LLC purchased a new position in shares of ASE Technology in the 3rd quarter worth $4,168,000. Finally, Hsbc Holdings PLC boosted its stake in shares of ASE Technology by 7.5% in the 1st quarter. Hsbc Holdings PLC now owns 2,014,412 shares of the semiconductor company’s stock worth $43,654,000 after buying an additional 140,628 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on ASX shares. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Weiss Ratings raised ASE Technology from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, October 9th. Finally, Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, ASE Technology presently has an average rating of “Strong Buy”.

ASE Technology Stock Performance

Shares of NYSE ASX opened at $34.42 on Tuesday. ASE Technology Holding Co., Ltd. has a 12-month low of $13.35 and a 12-month high of $47.93. The firm has a market capitalization of $76.93 billion, a price-to-earnings ratio of 32.16 and a beta of 1.79. The company has a current ratio of 1.16, a quick ratio of 0.88 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $41.23 and a 200 day moving average of $33.70.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.30 billion. ASE Technology had a net margin of 9.77% and a return on equity of 18.97%. On average, research analysts anticipate that ASE Technology Holding Co., Ltd. will post 1.31 earnings per share for the current year.

About ASE Technology

ASE Technology Holding Co provides semiconductor packaging and testing services, as well as electronics manufacturing services. Its semiconductor offerings include advanced packaging, wafer bumping and testing, which help customers assemble and validate chips for use in electronic devices.

The company also provides electronics design and manufacturing services through Universal Scientific Industrial, serving customers across industries such as communications, computing, automotive and consumer electronics.

ASE Technology was formed in 2018 through the combination of Advanced Semiconductor Engineering and Siliconware Precision Industries.