West Family Investments Inc. Decreases Holdings in ASE Technology Holding Co., Ltd. $ASX

West Family Investments Inc. decreased its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 29.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,452 shares of the semiconductor company’s stock after selling 15,306 shares during the period. West Family Investments Inc.’s holdings in ASE Technology were worth $603,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC bought a new position in ASE Technology during the fourth quarter worth about $27,000. Smartleaf Asset Management LLC raised its position in shares of ASE Technology by 1,704.8% in the third quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock worth $30,000 after buying an additional 2,506 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of ASE Technology during the fourth quarter worth about $32,000. SBI Securities Co. Ltd. raised its position in ASE Technology by 256.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 1,795 shares in the last quarter. Finally, WealthCollab LLC lifted its holdings in shares of ASE Technology by 55.2% in the 2nd quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 1,726 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Trading Down 0.1%

ASE Technology stock opened at $34.01 on Monday. ASE Technology Holding Co., Ltd. has a 52-week low of $9.30 and a 52-week high of $41.10. The company has a market cap of $75.61 billion, a P/E ratio of 50.01, a P/E/G ratio of 0.68 and a beta of 1.72. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. The business has a 50-day simple moving average of $30.67 and a two-hundred day simple moving average of $23.07.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.32 billion. Analysts predict that ASE Technology Holding Co., Ltd. will post 1.05 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

ASE Technology Profile

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.