May Hill Capital LLC Takes $317,000 Position in ASE Technology Holding Co., Ltd. $ASX

May Hill Capital LLC bought a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,664 shares of the semiconductor company’s stock, valued at approximately $317,000.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new position in shares of ASE Technology during the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC increased its holdings in shares of ASE Technology by 1,704.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 2,506 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of ASE Technology during the 4th quarter valued at about $32,000. SBI Securities Co. Ltd. grew its position in shares of ASE Technology by 256.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 1,795 shares during the period. Finally, WealthCollab LLC grew its position in shares of ASE Technology by 55.2% during the 2nd quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,726 shares during the period. 6.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings restated a “hold (c)” rating on shares of ASE Technology in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, ASE Technology has a consensus rating of “Buy”.

ASE Technology Price Performance

NYSE:ASX opened at $33.80 on Monday. ASE Technology Holding Co., Ltd. has a 52 week low of $9.23 and a 52 week high of $35.71. 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 stock has a market capitalization of $75.15 billion, a PE ratio of 49.70, a price-to-earnings-growth ratio of 0.68 and a beta of 1.68. The stock’s 50-day moving average price is $26.30 and its 200-day moving average price is $20.83.

ASE Technology (NYSE:ASX) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.32 billion. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%. As a group, equities analysts expect that ASE Technology Holding Co., Ltd. will post 1.05 EPS for the current fiscal year.

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.