Toroso Investments LLC purchased a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 131,213 shares of the semiconductor company’s stock, valued at approximately $1,046,000.
Several other hedge funds and other institutional investors have also bought and sold shares of ASX. Belpointe Asset Management LLC acquired a new stake in ASE Technology during the fourth quarter worth about $36,000. Employees Retirement System of Texas acquired a new stake in shares of ASE Technology during the 4th quarter worth approximately $53,000. Global Retirement Partners LLC increased its stake in ASE Technology by 43.4% in the first quarter. Global Retirement Partners LLC now owns 8,514 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 2,575 shares during the last quarter. Russell Investments Group Ltd. raised its position in ASE Technology by 212.7% during the first quarter. Russell Investments Group Ltd. now owns 7,661 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 5,211 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new stake in ASE Technology during the fourth quarter worth $64,000. Institutional investors and hedge funds own 7.62% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. HSBC cut shares of ASE Technology from a “buy” rating to a “hold” rating and set a $6.47 target price on the stock. in a research note on Wednesday, June 28th. StockNews.com cut ASE Technology from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Finally, The Goldman Sachs Group raised ASE Technology from a “neutral” rating to a “buy” rating and lifted their price target for the company from $6.60 to $9.20 in a research note on Friday, July 28th.
ASE Technology Stock Down 0.3 %
ASE Technology stock opened at $7.68 on Tuesday. The firm has a market capitalization of $16.77 billion, a price-to-earnings ratio of 10.97 and a beta of 1.21. The firm’s fifty day moving average price is $7.85 and its two-hundred day moving average price is $7.74. ASE Technology Holding Co., Ltd. has a 1-year low of $4.45 and a 1-year high of $9.03. The company has a current ratio of 1.20, a quick ratio of 0.86 and a debt-to-equity ratio of 0.42.
ASE Technology (NYSE:ASX – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter. ASE Technology had a return on equity of 15.41% and a net margin of 7.38%. The business had revenue of $4.44 billion during the quarter. On average, equities research analysts predict that ASE Technology Holding Co., Ltd. will post 0.51 earnings per share for the current fiscal year.
About ASE Technology
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; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.
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