HSBC upgraded shares of ASE Technology (NYSE:ASX) from a hold rating to a buy rating in a research report released on Thursday, The Fly reports.
Other equities analysts have also recently issued reports about the stock. ValuEngine upgraded shares of ASE Technology from a sell rating to a hold rating in a research report on Friday, July 12th. Macquarie upgraded shares of ASE Technology from an underperform rating to a neutral rating in a research report on Thursday, May 2nd. Cowen restated a market perform rating and issued a $30.00 price target (down from $31.00) on shares of ASE Technology in a research report on Tuesday, May 14th. Finally, Zacks Investment Research cut shares of ASE Technology from a hold rating to a sell rating in a research report on Thursday, June 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. ASE Technology currently has an average rating of Hold and an average target price of $17.38.
Shares of NYSE ASX opened at $4.28 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 1.19. ASE Technology has a 52-week low of $3.46 and a 52-week high of $5.07. The company has a 50 day simple moving average of $4.15. The firm has a market cap of $9.25 billion, a PE ratio of 10.97, a P/E/G ratio of 5.59 and a beta of 1.02.
ASE Technology Company Profile
ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services (EMS) in the United States, Taiwan, Asia, Europe, and internationally. The company offers packaging services, including flip-chip ball grid array (BGA), flip-chip chip scale package (fcCSP), advanced chip scale packages (aCSP), quad flat packages, thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, high-band package on package, and 3D chip packages; stacked die solutions in various package types; and copper wire and silver bonding solutions, as well as module-based solutions.
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