Fisher Asset Management LLC Buys 65,178 Shares of ASE Technology Holding Co., Ltd. $ASX

Fisher Asset Management LLC raised its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,727,246 shares of the semiconductor company’s stock after acquiring an additional 65,178 shares during the period. Fisher Asset Management LLC’s holdings in ASE Technology were worth $52,425,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ASX. Rafferty Asset Management LLC raised its holdings in ASE Technology by 50.9% during the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock valued at $76,361,000 after buying an additional 2,491,918 shares during the last quarter. Bank of America Corp DE increased its position in shares of ASE Technology by 18.8% in the second quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock valued at $91,061,000 after acquiring an additional 1,397,206 shares during the period. Jump Financial LLC raised its stake in shares of ASE Technology by 897.5% during the second quarter. Jump Financial LLC now owns 1,366,018 shares of the semiconductor company’s stock valued at $14,111,000 after acquiring an additional 1,229,068 shares during the last quarter. Cullen Capital Management LLC boosted its holdings in shares of ASE Technology by 24.1% during the second quarter. Cullen Capital Management LLC now owns 5,580,176 shares of the semiconductor company’s stock worth $57,643,000 after purchasing an additional 1,082,941 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of ASE Technology by 55.6% in the third quarter. JPMorgan Chase & Co. now owns 2,958,901 shares of the semiconductor company’s stock worth $32,814,000 after purchasing an additional 1,057,046 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.

Analysts Set New Price Targets

ASX has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a research report on Wednesday, January 21st. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Zacks Research cut shares of ASE Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, ASE Technology has an average rating of “Hold”.

ASE Technology Stock Down 7.7%

Shares of NYSE:ASX opened at $22.34 on Wednesday. The firm has a market capitalization of $49.55 billion, a P/E ratio of 38.52, a P/E/G ratio of 1.00 and a beta of 1.42. 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 50 day moving average price of $20.09 and a 200-day moving average price of $15.44. ASE Technology Holding Co., Ltd. has a 52-week low of $6.94 and a 52-week high of $25.28.

ASE Technology (NYSE:ASX) last issued its quarterly 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 analysts’ expectations of $5.47 billion. ASE Technology had a return on equity of 12.00% and a net margin of 6.31%. As a group, equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 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.