Hantz Financial Services Inc. Grows Stock Position in ASE Technology Holding Co., Ltd. $ASX

Hantz Financial Services Inc. lifted its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 84.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,543 shares of the semiconductor company’s stock after acquiring an additional 28,718 shares during the quarter. Hantz Financial Services Inc.’s holdings in ASE Technology were worth $1,007,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Capula Management Ltd raised its position in shares of ASE Technology by 200.4% during the third 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. American Century Companies Inc. raised its position in shares of ASE Technology by 15.6% during the third 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. JPMorgan Chase & Co. raised its position in shares of ASE Technology by 55.6% during the third 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 raised its position in shares of ASE Technology by 38.4% during the third 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, Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of ASE Technology during the third quarter valued at approximately $1,422,000. 6.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on ASX. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Zacks Research raised shares of 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 given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

ASE Technology Stock Performance

Shares of ASE Technology stock opened at $39.05 on Thursday. The company has a market capitalization of $86.83 billion, a PE ratio of 57.43, a P/E/G ratio of 0.78 and a beta of 1.68. The company has a 50-day simple moving average of $28.34 and a two-hundred day simple moving average of $21.91. ASE Technology Holding Co., Ltd. has a one year low of $9.23 and a one year high of $40.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.15.

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

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.