Moran Wealth Management LLC Takes $5.35 Million Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Moran Wealth Management LLC acquired a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASXFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 568,017 shares of the semiconductor company’s stock, valued at approximately $5,345,000.

A number of other institutional investors have also recently bought and sold shares of ASX. UBS Group AG grew its holdings in shares of ASE Technology by 16.4% in the 3rd quarter. UBS Group AG now owns 11,456,224 shares of the semiconductor company’s stock valued at $86,151,000 after buying an additional 1,612,295 shares during the period. Acadian Asset Management LLC grew its stake in ASE Technology by 16.5% in the third quarter. Acadian Asset Management LLC now owns 6,549,328 shares of the semiconductor company’s stock valued at $49,238,000 after acquiring an additional 927,795 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of ASE Technology by 37.0% in the third quarter. Envestnet Asset Management Inc. now owns 2,966,914 shares of the semiconductor company’s stock worth $22,311,000 after acquiring an additional 801,771 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of ASE Technology by 65.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,754,966 shares of the semiconductor company’s stock valued at $13,197,000 after purchasing an additional 694,048 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of ASE Technology by 35.7% in the 4th quarter. BNP Paribas Financial Markets now owns 1,524,413 shares of the semiconductor company’s stock valued at $14,345,000 after purchasing an additional 400,746 shares during the period. Institutional investors and hedge funds own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

Check Out Our Latest Analysis on ASE Technology

ASE Technology Stock Up 1.4 %

ASX stock traded up $0.15 during trading hours on Wednesday, reaching $10.64. 1,010,223 shares of the stock were exchanged, compared to its average volume of 5,925,611. The company has a market cap of $23.33 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 0.58 and a beta of 1.26. The firm’s 50-day moving average is $10.74 and its 200-day moving average is $9.59. ASE Technology Holding Co., Ltd. has a 12 month low of $6.95 and a 12 month high of $11.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 0.92.

ASE Technology (NYSE:ASXGet Free Report) last announced its earnings results on Thursday, April 25th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). ASE Technology had a net margin of 5.41% and a return on equity of 10.09%. The firm had revenue of $4.24 billion during the quarter. During the same quarter in the previous year, the company posted $0.09 earnings per share. On average, equities research analysts expect that ASE Technology Holding Co., Ltd. will post 0.62 earnings per share for the current year.

About ASE Technology

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ASE Technology (NYSE:ASX)

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