Ninety One UK Ltd Sells 1,957 Shares of ASE Technology Holding Co., Ltd. $ASX

Ninety One UK Ltd cut its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,345 shares of the semiconductor company’s stock after selling 1,957 shares during the period. Ninety One UK Ltd’s holdings in ASE Technology were worth $1,305,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ASX. Farther Finance Advisors LLC increased its holdings in ASE Technology by 154.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,746 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 1,666 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of ASE Technology by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,590 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 1,795 shares during the last quarter. TT International Asset Management LTD acquired a new position in shares of ASE Technology in the first quarter valued at approximately $39,000. Brooklyn Investment Group raised its holdings in ASE Technology by 1,084.2% in the 1st quarter. Brooklyn Investment Group now owns 7,650 shares of the semiconductor company’s stock valued at $67,000 after buying an additional 7,004 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in ASE Technology during the 1st quarter worth approximately $68,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Trading Up 0.4%

ASX opened at $11.14 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.79. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $11.84. The company’s 50 day moving average price is $10.51 and its two-hundred day moving average price is $9.85. The firm has a market capitalization of $24.58 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 0.62 and a beta of 1.37.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. The business had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $150.44 billion. As a group, research analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

ASE Technology 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.