ASE Technology Holding Co., Ltd. $ASX Shares Acquired by Ovata Capital Management Ltd

Ovata Capital Management Ltd lifted its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 57.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 946,821 shares of the semiconductor company’s stock after buying an additional 345,691 shares during the quarter. ASE Technology comprises 2.1% of Ovata Capital Management Ltd’s holdings, making the stock its 13th biggest position. Ovata Capital Management Ltd’s holdings in ASE Technology were worth $10,372,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in ASE Technology by 16.9% in the 1st quarter. Jones Financial Companies Lllp now owns 13,425 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 1,943 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of ASE Technology by 15.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock worth $50,591,000 after purchasing an additional 780,651 shares during the period. Savant Capital LLC lifted its stake in shares of ASE Technology by 60.5% during the 2nd quarter. Savant Capital LLC now owns 33,576 shares of the semiconductor company’s stock worth $347,000 after purchasing an additional 12,653 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of ASE Technology by 21.8% during the second quarter. PNC Financial Services Group Inc. now owns 103,520 shares of the semiconductor company’s stock worth $1,069,000 after purchasing an additional 18,511 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in ASE Technology by 16.3% during the second quarter. Geode Capital Management LLC now owns 13,576 shares of the semiconductor company’s stock worth $140,000 after buying an additional 1,901 shares during the period. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Stock Performance

NYSE ASX opened at $21.82 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.28 and a quick ratio of 1.00. ASE Technology Holding Co., Ltd. has a 1-year low of $6.94 and a 1-year high of $25.28. The firm has a market capitalization of $48.41 billion, a P/E ratio of 37.63, a P/E/G ratio of 0.89 and a beta of 1.42. The business’s 50-day simple moving average is $21.16 and its 200-day simple moving average is $16.27.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Zacks Research downgraded shares of ASE Technology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.