ASE Technology Holding Co., Ltd. (NYSE:ASX) Short Interest Down 7.8% in November

ASE Technology Holding Co., Ltd. (NYSE:ASX) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 11,000,000 shares, a drop of 7.8% from the October 31st total of 11,930,000 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 7,100,000 shares, the short-interest ratio is currently 1.5 days.

Institutional Trading of ASE Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in ASE Technology during the second quarter valued at approximately $43,000. Fifth Third Bancorp grew its position in ASE Technology by 423.8% in the second quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock valued at $75,000 after acquiring an additional 5,289 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in ASE Technology during the third quarter worth about $77,000. Werba Rubin Papier Wealth Management bought a new position in shares of ASE Technology in the third quarter worth about $100,000. Finally, Leo Wealth LLC acquired a new stake in shares of ASE Technology in the 3rd quarter valued at approximately $114,000. Institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

Shares of NYSE:ASX traded up $0.09 on Wednesday, reaching $10.00. 2,795,823 shares of the company’s stock were exchanged, compared to its average volume of 6,817,355. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 0.38. ASE Technology has a twelve month low of $8.10 and a twelve month high of $12.86. The company has a fifty day moving average of $9.92 and a 200-day moving average of $10.31. The company has a market capitalization of $21.95 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 0.71 and a beta of 1.21.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. The company had revenue of $4.96 billion during the quarter. During the same period in the previous year, the company earned $0.13 earnings per share. On average, research analysts predict that ASE Technology will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on ASX. Morgan Stanley upgraded shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th. StockNews.com cut shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, UBS Group raised ASE Technology from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 15th.

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.