Ninety One North America Inc. Has $7.64 Million Stock Holdings in ASE Technology Holding Co., Ltd. $ASX

Ninety One North America Inc. lessened its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 4.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 474,381 shares of the semiconductor company’s stock after selling 22,414 shares during the quarter. Ninety One North America Inc.’s holdings in ASE Technology were worth $7,638,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in shares of ASE Technology during the 4th quarter worth about $27,000. Smartleaf Asset Management LLC lifted its stake in shares of ASE Technology by 1,704.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock worth $30,000 after buying an additional 2,506 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of ASE Technology during the 4th quarter worth about $32,000. WealthCollab LLC lifted its stake in shares of ASE Technology by 55.2% during the 2nd quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock worth $50,000 after buying an additional 1,726 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in ASE Technology by 537.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 4,155 shares in the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Zacks Research raised ASE Technology from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

ASE Technology Stock Performance

ASX opened at $28.58 on Friday. The firm has a market cap of $63.39 billion, a P/E ratio of 49.27, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46. ASE Technology Holding Co., Ltd. has a 52-week low of $7.86 and a 52-week high of $28.71. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.00 and a current ratio of 1.26. The business’s fifty day moving average is $23.11 and its 200-day moving average is $18.16.

ASE Technology (NYSE:ASX) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.47 billion. ASE Technology had a return on equity of 12.06% and a net margin of 6.31%. Sell-side analysts expect 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.