ASE Technology Holding Co., Ltd. $ASX Position Trimmed by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC cut its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 21.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,351 shares of the semiconductor company’s stock after selling 28,656 shares during the quarter. ASE Technology comprises approximately 1.0% of Legacy Wealth Asset Management LLC’s investment portfolio, making the stock its 17th biggest holding. Legacy Wealth Asset Management LLC’s holdings in ASE Technology were worth $4,728,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its position in ASE Technology by 7.5% during the 1st quarter. Hsbc Holdings PLC now owns 2,014,412 shares of the semiconductor company’s stock worth $43,654,000 after acquiring an additional 140,628 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of ASE Technology by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,399,553 shares of the semiconductor company’s stock valued at $30,342,000 after purchasing an additional 125,324 shares during the period. Sei Investments Co. raised its stake in shares of ASE Technology by 12.1% in the first quarter. Sei Investments Co. now owns 812,019 shares of the semiconductor company’s stock worth $17,604,000 after purchasing an additional 87,689 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of ASE Technology by 37.8% in the first quarter. Quantinno Capital Management LP now owns 588,182 shares of the semiconductor company’s stock worth $12,752,000 after purchasing an additional 161,471 shares during the last quarter. Finally, Capital Wealth Planning LLC lifted its holdings in shares of ASE Technology by 111.9% during the fourth quarter. Capital Wealth Planning LLC now owns 577,950 shares of the semiconductor company’s stock worth $9,744,000 after purchasing an additional 305,192 shares during the period. 6.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on ASX. Wall Street Zen lowered ASE Technology from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 22nd. Finally, Weiss Ratings downgraded shares of ASE Technology from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, ASE Technology has an average rating of “Buy”.

ASE Technology Stock Performance

ASX opened at $45.19 on Friday. The firm has a fifty day moving average price of $39.98 and a 200 day moving average price of $36.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.81. ASE Technology Holding Co., Ltd. has a 1 year low of $11.07 and a 1 year high of $47.93. The stock has a market cap of $101.01 billion, a P/E ratio of 52.55 and a beta of 1.66.

ASE Technology (NYSE:ASX) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. The business had revenue of $81.66 million for the quarter, compared to analyst estimates of $5.96 billion. ASE Technology had a net margin of 8.52% and a return on equity of 16.12%. Equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 1.23 earnings per share for the current year.

ASE Technology Profile

ASE Technology Holding Co, Ltd. is a Taiwan-based provider of semiconductor manufacturing services. Through its subsidiaries, the company offers outsourced semiconductor assembly and testing (OSAT) services, helping chip manufacturers package and test integrated circuits before they are incorporated into electronic products.

Its services include wafer probing, wafer bumping, flip-chip and wire-bond packaging, system-in-package and other advanced packaging technologies, as well as final testing and related engineering services.