Crossmark Global Holdings Inc. Sells 1,502,740 Shares of ASE Technology Holding Co., Ltd. $ASX

Crossmark Global Holdings Inc. reduced its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 94.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,647 shares of the semiconductor company’s stock after selling 1,502,740 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in ASE Technology were worth $894,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ASX. Orion Porfolio Solutions LLC grew its stake in shares of ASE Technology by 9.0% during the third quarter. Orion Porfolio Solutions LLC now owns 173,731 shares of the semiconductor company’s stock valued at $1,927,000 after buying an additional 14,365 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of ASE Technology by 37.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,182,337 shares of the semiconductor company’s stock worth $13,112,000 after acquiring an additional 320,765 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in shares of ASE Technology during the third quarter worth $258,000. Fisher Asset Management LLC boosted its stake in shares of ASE Technology by 1.4% during the third quarter. Fisher Asset Management LLC now owns 4,727,246 shares of the semiconductor company’s stock valued at $52,425,000 after purchasing an additional 65,178 shares during the period. Finally, Journey Strategic Wealth LLC increased its stake in ASE Technology by 14.6% in the 3rd quarter. Journey Strategic Wealth LLC now owns 15,960 shares of the semiconductor company’s stock worth $177,000 after buying an additional 2,039 shares during the period. Institutional investors own 6.80% of the company’s stock.

ASE Technology Price Performance

Shares of ASX stock opened at $21.63 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.28. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $25.28. The firm has a market capitalization of $47.97 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 0.88 and a beta of 1.41. The stock’s 50-day simple moving average is $20.56 and its 200-day simple moving average is $15.77.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). ASE Technology had a return on equity of 12.00% and a net margin of 6.31%.The company had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.47 billion. As a group, equities analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ASX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. Zacks Research downgraded shares of ASE Technology from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Wall Street Zen cut ASE Technology from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

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.