Kiker Wealth Management LLC Sells 1,981 Shares of ASE Technology Holding Co., Ltd. $ASX

Kiker Wealth Management LLC lowered its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,250 shares of the semiconductor company’s stock after selling 1,981 shares during the quarter. Kiker Wealth Management LLC’s holdings in ASE Technology were worth $498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in ASE Technology by 94.6% in the first quarter. GAMMA Investing LLC now owns 18,525 shares of the semiconductor company’s stock valued at $162,000 after acquiring an additional 9,004 shares during the period. Allspring Global Investments Holdings LLC grew its stake in ASE Technology by 55.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 177,024 shares of the semiconductor company’s stock worth $1,591,000 after buying an additional 63,011 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in ASE Technology by 11.8% during the first quarter. Janney Montgomery Scott LLC now owns 31,450 shares of the semiconductor company’s stock worth $276,000 after buying an additional 3,319 shares during the last quarter. OLD Mission Capital LLC bought a new stake in ASE Technology during the first quarter worth about $583,000. Finally, Cerity Partners LLC grew its stake in ASE Technology by 107.3% during the first quarter. Cerity Partners LLC now owns 271,246 shares of the semiconductor company’s stock worth $2,376,000 after buying an additional 140,413 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, ASE Technology currently has a consensus rating of “Moderate Buy”.

ASE Technology Price Performance

Shares of ASE Technology stock opened at $11.74 on Tuesday. ASE Technology Holding Co., Ltd. has a 1-year low of $6.94 and a 1-year high of $11.90. The firm’s 50-day moving average price is $10.69 and its two-hundred day moving average price is $9.96. The stock has a market capitalization of $25.90 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 0.62 and a beta of 1.37. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57.

ASE Technology (NYSE:ASX) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). ASE Technology had a return on equity of 10.33% and a net margin of 5.48%.The company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $150.44 billion. On average, equities analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share 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.