Ethic Inc. Has $7.08 Million Stake in ASE Technology Holding Co., Ltd. $ASX

Ethic Inc. decreased its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 9.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 440,007 shares of the semiconductor company’s stock after selling 45,832 shares during the period. Ethic Inc.’s holdings in ASE Technology were worth $7,084,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. American Century Companies Inc. grew its holdings in ASE Technology by 15.6% in the 3rd quarter. American Century Companies Inc. now owns 3,674,784 shares of the semiconductor company’s stock valued at $40,753,000 after buying an additional 494,569 shares during the last quarter. Capula Management Ltd grew its holdings in ASE Technology by 200.4% in the 3rd quarter. Capula Management Ltd now owns 650,494 shares of the semiconductor company’s stock valued at $7,214,000 after buying an additional 433,965 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in ASE Technology by 55.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,958,901 shares of the semiconductor company’s stock valued at $32,814,000 after buying an additional 1,057,046 shares during the last quarter. Schroder Investment Management Group grew its holdings in ASE Technology by 38.4% in the 3rd quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock valued at $80,787,000 after buying an additional 2,012,970 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in ASE Technology in the 3rd quarter valued at approximately $1,539,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Price Performance

Shares of ASX stock opened at $34.19 on Friday. The stock has a 50 day moving average of $24.98 and a two-hundred day moving average of $19.91. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. ASE Technology Holding Co., Ltd. has a 12 month low of $9.19 and a 12 month high of $34.30. The company has a market capitalization of $76.03 billion, a P/E ratio of 50.29, a P/E/G ratio of 0.68 and a beta of 1.68.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%.The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.32 billion. As a group, equities analysts expect that ASE Technology Holding Co., Ltd. will post 1.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ASX shares. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, January 21st. Finally, Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

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.