ASE Technology (NYSE:ASX)‘s stock had its “market perform” rating reaffirmed by investment analysts at Cowen in a note issued to investors on Tuesday, Briefing.com Automated Import reports. They currently have a $30.00 price target on the semiconductor company’s stock, down from their prior price target of $31.00.
ASX has been the topic of a number of other research reports. Zacks Investment Research downgraded ASE Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. CLSA upgraded ASE Technology to a “buy” rating in a research report on Tuesday, April 2nd. Macquarie upgraded ASE Technology from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 2nd. Finally, ValuEngine upgraded ASE Technology from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $17.38.
Shares of ASE Technology stock opened at $4.33 on Tuesday. ASE Technology has a one year low of $3.46 and a one year high of $5.32. The company has a market cap of $9.14 billion, a P/E ratio of 11.14, a P/E/G ratio of 4.94 and a beta of 0.90. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57.
A number of institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. lifted its position in ASE Technology by 41.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,764 shares of the semiconductor company’s stock worth $111,000 after buying an additional 7,549 shares in the last quarter. M&T Bank Corp lifted its position in ASE Technology by 44.0% during the first quarter. M&T Bank Corp now owns 32,207 shares of the semiconductor company’s stock worth $139,000 after buying an additional 9,847 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in ASE Technology by 8.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,113,887 shares of the semiconductor company’s stock worth $4,801,000 after buying an additional 83,401 shares in the last quarter. Cresset Asset Management LLC acquired a new stake in ASE Technology during the first quarter worth $132,000. Finally, Renaissance Technologies LLC increased its stake in ASE Technology by 27.6% during the first quarter. Renaissance Technologies LLC now owns 1,325,949 shares of the semiconductor company’s stock worth $5,715,000 after acquiring an additional 286,800 shares during the last quarter. Hedge funds and other institutional investors own 5.39% of the company’s stock.
About ASE Technology
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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