138,815 Shares in ASE Technology Holding Co., Ltd. $ASX Bought by SageView Advisory Group LLC

SageView Advisory Group LLC acquired a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 138,815 shares of the semiconductor company’s stock, valued at approximately $1,539,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mackenzie Financial Corp raised its position in shares of ASE Technology by 4.5% during the 3rd quarter. Mackenzie Financial Corp now owns 228,080 shares of the semiconductor company’s stock worth $2,529,000 after purchasing an additional 9,782 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of ASE Technology by 69.5% during the third quarter. Quadrant Capital Group LLC now owns 372,012 shares of the semiconductor company’s stock valued at $4,126,000 after acquiring an additional 152,482 shares during the last quarter. Banque Cantonale Vaudoise lifted its position in shares of ASE Technology by 27.3% in the third quarter. Banque Cantonale Vaudoise now owns 66,305 shares of the semiconductor company’s stock valued at $735,000 after acquiring an additional 14,212 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of ASE Technology in the third quarter worth approximately $1,422,000. Finally, Schroder Investment Management Group boosted its stake in shares of ASE Technology by 38.4% in the third quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock worth $80,787,000 after acquiring an additional 2,012,970 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

NYSE:ASX opened at $21.91 on Thursday. The company has a 50 day moving average price of $20.79 and a 200 day moving average price of $15.90. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $25.28. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.28. The stock has a market capitalization of $48.60 billion, a P/E ratio of 37.78, a PEG ratio of 0.90 and a beta of 1.42.

ASE Technology (NYSE:ASX) last released 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). The firm had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.47 billion. ASE Technology had a net margin of 6.31% and a return on equity of 12.00%. Equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on ASX. Zacks Research downgraded ASE Technology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Wall Street Zen cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings reiterated 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 assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.