21,822 Shares in ASE Technology Holding Co., Ltd. $ASX Acquired by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. acquired a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,822 shares of the semiconductor company’s stock, valued at approximately $242,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in shares of ASE Technology by 4.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,437,846 shares of the semiconductor company’s stock worth $25,183,000 after buying an additional 105,491 shares in the last quarter. American Century Companies Inc. raised its holdings in ASE Technology by 20.9% in the 2nd quarter. American Century Companies Inc. now owns 3,180,215 shares of the semiconductor company’s stock valued at $32,852,000 after acquiring an additional 549,025 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in ASE Technology by 3,929.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 18,094 shares of the semiconductor company’s stock worth $187,000 after purchasing an additional 17,645 shares in the last quarter. Ninety One North America Inc. lifted its stake in ASE Technology by 82.3% in the 3rd quarter. Ninety One North America Inc. now owns 496,795 shares of the semiconductor company’s stock worth $5,509,000 after purchasing an additional 224,267 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new position in shares of ASE Technology during the 2nd quarter worth approximately $619,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ASX shares. Zacks Research cut ASE Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Nomura raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

ASE Technology Stock Up 5.8%

Shares of NYSE:ASX opened at $24.84 on Wednesday. The company has a market capitalization of $55.09 billion, a price-to-earnings ratio of 42.82, a PEG ratio of 0.97 and a beta of 1.48. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $25.04. The business has a 50-day moving average price of $19.20 and a 200 day moving average price of $14.94. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57.

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

About ASE Technology

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.