24,988 Shares in ASE Technology Holding Co., Ltd. $ASX Purchased by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. bought a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 24,988 shares of the semiconductor company’s stock, valued at approximately $258,000.

Several other hedge funds have also recently bought and sold shares of the company. Ascent Group LLC lifted its stake in ASE Technology by 10.0% during the 2nd quarter. Ascent Group LLC now owns 17,370 shares of the semiconductor company’s stock worth $179,000 after acquiring an additional 1,578 shares in the last quarter. BSW Wealth Partners lifted its stake in ASE Technology by 4.1% during the 2nd quarter. BSW Wealth Partners now owns 49,191 shares of the semiconductor company’s stock worth $508,000 after acquiring an additional 1,950 shares in the last quarter. Greenleaf Trust lifted its stake in ASE Technology by 8.8% during the 2nd quarter. Greenleaf Trust now owns 11,801 shares of the semiconductor company’s stock worth $122,000 after acquiring an additional 952 shares in the last quarter. HB Wealth Management LLC lifted its stake in ASE Technology by 9.8% during the 2nd quarter. HB Wealth Management LLC now owns 14,494 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 1,291 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in ASE Technology by 42.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 44,655 shares of the semiconductor company’s stock valued at $461,000 after purchasing an additional 13,205 shares in the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

ASE Technology Trading Down 0.6%

ASX opened at $11.09 on Friday. ASE Technology Holding Co., Ltd. has a one year low of $6.94 and a one year high of $11.84. The company has a market cap of $24.47 billion, a P/E ratio of 23.59, a PEG ratio of 0.62 and a beta of 1.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 1.02. The business’s 50-day simple moving average is $10.53 and its 200-day simple moving average is $9.87.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. The business had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $150.44 billion. As a group, equities research analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

About ASE Technology

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.