347,758 Shares of ASE Technology Holding Co., Ltd. $ASX Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 347,758 shares of the semiconductor company’s stock, valued at approximately $15,461,000.

Other hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC grew its position in ASE Technology by 7.5% in the first quarter. Hsbc Holdings PLC now owns 2,014,412 shares of the semiconductor company’s stock worth $43,654,000 after acquiring an additional 140,628 shares during the period. Dimensional Fund Advisors LP raised its position in ASE Technology by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,399,553 shares of the semiconductor company’s stock valued at $30,342,000 after purchasing an additional 125,324 shares during the period. Sei Investments Co. raised its position in ASE Technology by 12.1% in the first quarter. Sei Investments Co. now owns 812,019 shares of the semiconductor company’s stock valued at $17,604,000 after purchasing an additional 87,689 shares during the period. Ninety One UK Ltd raised its position in ASE Technology by 591.1% in the third quarter. Ninety One UK Ltd now owns 688,777 shares of the semiconductor company’s stock valued at $30,623,000 after purchasing an additional 589,119 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of ASE Technology by 37.8% in the 1st quarter. Quantinno Capital Management LP now owns 588,182 shares of the semiconductor company’s stock valued at $12,752,000 after purchasing an additional 161,471 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

ASX has been the subject of a number of recent analyst reports. Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 22nd. Weiss Ratings raised shares of ASE Technology from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Finally, Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

ASE Technology Trading Down 0.1%

NYSE:ASX opened at $39.12 on Wednesday. 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 cap of $87.44 billion, a PE ratio of 36.56 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 stock has a fifty day moving average price of $41.59 and a 200 day moving average price of $33.41.

ASE Technology (NYSE:ASX) last issued 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. ASE Technology had a return on equity of 18.97% and a net margin of 9.77%. The company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.30 billion. Sell-side analysts anticipate that ASE Technology Holding Co., Ltd. will post 1.31 earnings per share for the current fiscal year.

About ASE Technology

ASE Technology Holding Co, Ltd. is a Taiwan-based provider of semiconductor manufacturing services. Through its subsidiaries, the company offers outsourced semiconductor assembly and test services, helping chip designers and manufacturers package, assemble and evaluate integrated circuits after wafer fabrication.

Its services include wafer probing, wafer bumping, semiconductor packaging, final testing and advanced packaging technologies such as flip-chip, system-in-package and fan-out solutions.