209,276 Shares of ASE Technology Holding Co., Ltd. $ASX Bought by Gunderson Capital Management LLC

Gunderson Capital Management LLC bought a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 209,276 shares of the semiconductor company’s stock, valued at approximately $9,304,000. ASE Technology accounts for about 2.5% of Gunderson Capital Management LLC’s holdings, making the stock its 20th largest holding.

Several other hedge funds also recently made changes to their positions in ASX. Nilsine Partners LLC purchased a new position in ASE Technology in the second quarter worth $1,278,000. Nykredit A S purchased a new position in ASE Technology during the 2nd quarter valued at about $14,247,000. Navellier & Associates Inc. acquired a new position in ASE Technology during the second quarter worth about $3,975,000. Hsbc Holdings PLC raised its position in ASE Technology by 7.5% during the first quarter. Hsbc Holdings PLC now owns 2,014,412 shares of the semiconductor company’s stock worth $43,654,000 after acquiring an additional 140,628 shares during the last quarter. Finally, Barometer Capital Management Inc. purchased a new stake in shares of ASE Technology in the first quarter valued at about $3,003,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Stock Down 6.6%

Shares of ASE Technology stock traded down $2.93 during trading hours on Thursday, hitting $41.40. 5,814,929 shares of the company’s stock traded hands, compared to its average volume of 8,498,379. The stock has a 50 day simple moving average of $40.76 and a 200-day simple moving average of $36.84. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The company has a market cap of $92.55 billion, a PE ratio of 48.17 and a beta of 1.66. ASE Technology Holding Co., Ltd. has a twelve month low of $12.31 and a twelve month high of $47.93.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. ASE Technology had a return on equity of 16.12% and a net margin of 8.52%. The firm had revenue of $81.66 million during the quarter, compared to analyst estimates of $5.96 billion. Equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ASX has been the topic of a number of analyst reports. Wall Street Zen lowered ASE Technology from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. Weiss Ratings raised shares of ASE Technology from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Finally, Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

ASE Technology Profile

ASE Technology Holding Co, Ltd. is a Taiwan-based provider of semiconductor manufacturing services. Through its subsidiaries, the company offers outsourced semiconductor assembly and testing (OSAT) services, helping chip manufacturers package and test integrated circuits before they are incorporated into electronic products.

Its services include wafer probing, wafer bumping, flip-chip and wire-bond packaging, system-in-package and other advanced packaging technologies, as well as final testing and related engineering services.