Fisher Asset Management LLC Has $74.74 Million Holdings in ASE Technology Holding Co., Ltd. $ASX

Fisher Asset Management LLC lessened its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,641,965 shares of the semiconductor company’s stock after selling 85,281 shares during the quarter. Fisher Asset Management LLC owned about 0.21% of ASE Technology worth $74,736,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its position in shares of ASE Technology by 16.9% in the 1st quarter. Jones Financial Companies Lllp now owns 13,425 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 1,943 shares during the period. Goldman Sachs Group Inc. increased its stake in ASE Technology by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock valued at $50,591,000 after purchasing an additional 780,651 shares in the last quarter. Geode Capital Management LLC increased its stake in ASE Technology by 16.3% in the second quarter. Geode Capital Management LLC now owns 13,576 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 1,901 shares in the last quarter. Legal & General Group Plc raised its holdings in ASE Technology by 261.9% in the second quarter. Legal & General Group Plc now owns 15,647 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 11,324 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of ASE Technology by 537.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 4,155 shares in the last quarter. Institutional investors own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ASX. Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

ASE Technology Stock Up 0.2%

Shares of ASX stock opened at $34.87 on Tuesday. ASE Technology Holding Co., Ltd. has a 12-month low of $9.23 and a 12-month high of $35.71. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average of $27.64 and a 200-day moving average of $21.58. The company has a market capitalization of $77.52 billion, a price-to-earnings ratio of 51.27, a P/E/G ratio of 0.70 and a beta of 1.68.

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