Ninety One UK Ltd Has $1.24 Million Stock Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Ninety One UK Ltd grew its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 14.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,071 shares of the semiconductor company’s stock after purchasing an additional 15,926 shares during the quarter. Ninety One UK Ltd’s holdings in ASE Technology were worth $1,239,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of ASE Technology during the fourth quarter valued at about $51,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of ASE Technology during the third quarter valued at about $77,000. GAMMA Investing LLC boosted its stake in shares of ASE Technology by 28.0% during the fourth quarter. GAMMA Investing LLC now owns 9,521 shares of the semiconductor company’s stock valued at $96,000 after purchasing an additional 2,083 shares in the last quarter. Werba Rubin Papier Wealth Management acquired a new stake in shares of ASE Technology during the third quarter valued at about $100,000. Finally, Leo Wealth LLC acquired a new stake in shares of ASE Technology during the third quarter valued at about $114,000. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Price Performance

ASE Technology stock opened at $10.10 on Thursday. The stock’s 50 day moving average is $10.22 and its 200 day moving average is $9.96. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89. The firm has a market cap of $22.16 billion, a P/E ratio of 22.44, a P/E/G ratio of 0.42 and a beta of 1.17. ASE Technology Holding Co., Ltd. has a one year low of $8.10 and a one year high of $12.86.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th.

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; 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.