ASE Technology Holding Co., Ltd. $ASX Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 55.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,958,901 shares of the semiconductor company’s stock after buying an additional 1,057,046 shares during the quarter. JPMorgan Chase & Co.’s holdings in ASE Technology were worth $32,814,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in ASX. Smartleaf Asset Management LLC boosted its position in ASE Technology by 1,704.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 2,506 shares during the period. WealthCollab LLC boosted its holdings in shares of ASE Technology by 55.2% during the second quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,726 shares during the period. MAI Capital Management grew its position in shares of ASE Technology by 2,409.6% during the second quarter. MAI Capital Management now owns 4,969 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 4,771 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ASE Technology by 537.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 4,155 shares during the period. Finally, Headlands Technologies LLC increased its holdings in shares of ASE Technology by 549.8% in the 2nd quarter. Headlands Technologies LLC now owns 5,153 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 4,360 shares during the period. 6.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ASX has been the topic of several analyst reports. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Zacks Research lowered ASE Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ASE Technology in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, ASE Technology currently has a consensus rating of “Hold”.

ASE Technology Price Performance

NYSE ASX opened at $24.29 on Friday. ASE Technology Holding Co., Ltd. has a 1 year low of $6.94 and a 1 year high of $25.28. The business’s fifty day moving average is $19.78 and its two-hundred day moving average is $15.18. The stock has a market capitalization of $53.87 billion, a P/E ratio of 41.87, a P/E/G ratio of 1.00 and a beta of 1.48. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.28.

ASE Technology (NYSE:ASX) last posted its quarterly earnings data 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 firm had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.47 billion. On average, research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

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.