ASE Technology Holding Co., Ltd. $ASX Stock: TT International Asset Management LTD Decreases Holdings

TT International Asset Management LTD decreased its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 32.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 609,659 shares of the semiconductor company’s stock after selling 298,154 shares during the quarter. ASE Technology makes up about 3.0% of TT International Asset Management LTD’s holdings, making the stock its 11th largest position. TT International Asset Management LTD’s holdings in ASE Technology were worth $27,105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank increased its position in shares of ASE Technology by 10.5% during the third quarter. Eastern Bank now owns 2,339 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 223 shares in the last quarter. Angeles Wealth Management LLC boosted its position in shares of ASE Technology by 5.2% in the 3rd quarter. Angeles Wealth Management LLC now owns 7,070 shares of the semiconductor company’s stock valued at $314,000 after purchasing an additional 352 shares during the period. MGO One Seven LLC boosted its position in shares of ASE Technology by 5.3% in the 3rd quarter. MGO One Seven LLC now owns 9,659 shares of the semiconductor company’s stock valued at $429,000 after purchasing an additional 488 shares during the period. IFP Advisors Inc grew its stake in ASE Technology by 107.7% during the 2nd quarter. IFP Advisors Inc now owns 947 shares of the semiconductor company’s stock worth $43,000 after buying an additional 491 shares during the last quarter. Finally, Greenleaf Trust grew its stake in ASE Technology by 3.2% during the 3rd quarter. Greenleaf Trust now owns 16,140 shares of the semiconductor company’s stock worth $718,000 after buying an additional 495 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a research report on Saturday. 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 upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

ASE Technology Trading Down 0.1%

Shares of ASE Technology stock opened at $39.12 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.88 and a current ratio of 1.16. The company has a market capitalization of $87.44 billion, a P/E ratio of 36.56 and a beta of 1.79. ASE Technology Holding Co., Ltd. has a 1 year low of $13.35 and a 1 year high of $47.93. The company’s fifty day moving average is $41.59 and its two-hundred day moving average is $33.41.

ASE Technology (NYSE:ASX) last announced its earnings results on Thursday, October 29th. The semiconductor company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. ASE Technology had a net margin of 9.77% and a return on equity of 18.97%. The business had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.30 billion. Analysts forecast that ASE Technology Holding Co., Ltd. will post 1.31 earnings per share for the current year.

ASE Technology Profile

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.