ASE Technology Holding Co., Ltd. (NYSE:ASX) Holdings Lifted by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. boosted its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,308 shares of the semiconductor company’s stock after acquiring an additional 2,657 shares during the quarter. Bridgewater Advisors Inc.’s holdings in ASE Technology were worth $257,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in ASE Technology during the third quarter worth approximately $77,000. GAMMA Investing LLC boosted its stake in shares of ASE Technology by 28.0% during the 4th quarter. GAMMA Investing LLC now owns 9,521 shares of the semiconductor company’s stock worth $96,000 after acquiring an additional 2,083 shares in the last quarter. Werba Rubin Papier Wealth Management bought a new stake in shares of ASE Technology during the 3rd quarter worth $100,000. Leo Wealth LLC acquired a new position in shares of ASE Technology in the 3rd quarter worth $114,000. Finally, Merit Financial Group LLC acquired a new stake in shares of ASE Technology during the fourth quarter worth $119,000. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Stock Performance

Shares of ASE Technology stock opened at $10.53 on Monday. The stock has a market cap of $23.10 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 0.44 and a beta of 1.19. ASE Technology Holding Co., Ltd. has a 12 month low of $8.10 and a 12 month high of $12.86. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $10.07 and a 200-day simple moving average of $10.08.

ASE Technology (NYSE:ASX) last released 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 quarter in the previous year, the company posted $0.13 EPS. On average, sell-side analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a 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.