Pinpoint Asset Management Singapore Pte. Ltd. Makes New Investment in ASE Technology Holding Co., Ltd. $ASX

Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 128,247 shares of the semiconductor company’s stock, valued at approximately $1,422,000.

A number of other institutional investors have also recently made changes to their positions in ASX. Smartleaf Asset Management LLC grew its position in ASE Technology by 1,704.8% in the third quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 2,506 shares in the last quarter. WealthCollab LLC lifted its stake in shares of ASE Technology by 55.2% in the 2nd quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 1,726 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of ASE Technology by 76.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,852 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 2,106 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ASE Technology by 537.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 4,155 shares during the period. Finally, MAI Capital Management increased its position in shares of ASE Technology by 2,409.6% during the 2nd quarter. MAI Capital Management now owns 4,969 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 4,771 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Zacks Research downgraded ASE Technology from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Wall Street Zen downgraded shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

ASE Technology Stock Down 4.2%

NYSE:ASX opened at $21.13 on Monday. The company has a market cap of $46.87 billion, a price-to-earnings ratio of 36.43, a price-to-earnings-growth ratio of 0.88 and a beta of 1.41. ASE Technology Holding Co., Ltd. has a twelve month low of $6.94 and a twelve month high of $25.28. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $20.45 and a 200-day simple moving average of $15.69.

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