Legacy Wealth Asset Management LLC Has $2.78 Million Holdings in ASE Technology Holding Co., Ltd. $ASX

Legacy Wealth Asset Management LLC lowered its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 31.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 172,413 shares of the semiconductor company’s stock after selling 78,049 shares during the quarter. ASE Technology comprises 0.7% of Legacy Wealth Asset Management LLC’s investment portfolio, making the stock its 18th largest holding. Legacy Wealth Asset Management LLC’s holdings in ASE Technology were worth $2,776,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in ASE Technology by 16.9% during the first quarter. Jones Financial Companies Lllp now owns 13,425 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 1,943 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of ASE Technology by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock valued at $50,591,000 after purchasing an additional 780,651 shares during the period. Geode Capital Management LLC raised its holdings in shares of ASE Technology by 16.3% during the second quarter. Geode Capital Management LLC now owns 13,576 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 1,901 shares during the period. MAI Capital Management boosted 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 worth $51,000 after purchasing an additional 4,771 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of ASE Technology by 261.9% during the 2nd quarter. Legal & General Group Plc now owns 15,647 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 11,324 shares in the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Trading Up 1.6%

Shares of ASX stock opened at $21.65 on Tuesday. The firm has a market cap of $48.03 billion, a P/E ratio of 37.33, a PEG ratio of 0.88 and a beta of 1.41. The company has a 50 day moving average of $21.47 and a 200-day moving average of $16.59. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 0.57. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $25.28.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.11 EPS 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 analysts’ expectations of $5.47 billion. ASE Technology had a net margin of 6.31% and a return on equity of 12.00%. Sell-side analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ASX shares. Zacks Research downgraded ASE Technology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Weiss Ratings restated a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ASE Technology currently has an average 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.