ASE Technology Holding Co., Ltd. $ASX Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 35.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 498,863 shares of the semiconductor company’s stock after selling 279,490 shares during the period. Y Intercept Hong Kong Ltd’s holdings in ASE Technology were worth $5,532,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Rafferty Asset Management LLC raised its position in shares of ASE Technology by 50.9% during the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock valued at $76,361,000 after buying an additional 2,491,918 shares during the period. Bank of America Corp DE grew its position in ASE Technology by 18.8% in the second quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock worth $91,061,000 after acquiring an additional 1,397,206 shares during the period. Jump Financial LLC increased its stake in ASE Technology by 897.5% during the second quarter. Jump Financial LLC now owns 1,366,018 shares of the semiconductor company’s stock worth $14,111,000 after acquiring an additional 1,229,068 shares during the last quarter. Cullen Capital Management LLC raised its position in ASE Technology by 24.1% in the second quarter. Cullen Capital Management LLC now owns 5,580,176 shares of the semiconductor company’s stock valued at $57,643,000 after purchasing an additional 1,082,941 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in ASE Technology by 114.7% in the 2nd quarter. Hsbc Holdings PLC now owns 1,793,840 shares of the semiconductor company’s stock valued at $18,549,000 after buying an additional 958,460 shares during the period. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Analysts Set New Price Targets

ASX has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday. Nomura raised ASE Technology from a “neutral” rating to a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen lowered ASE Technology from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Finally, Zacks Research downgraded ASE Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

ASE Technology Price Performance

ASE Technology stock opened at $19.39 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.64. ASE Technology Holding Co., Ltd. has a 52-week low of $6.94 and a 52-week high of $19.67. The firm has a market cap of $43.00 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.45. The company’s 50 day moving average is $16.21 and its two-hundred day moving average is $13.14.

ASE Technology (NYSE:ASX) last posted its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. ASE Technology had a return on equity of 10.67% and a net margin of 5.61%. On average, research analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

ASE Technology Company 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.