Vise Technologies Inc. Takes $619,000 Position in ASE Technology Holding Co., Ltd. $ASX

Vise Technologies Inc. acquired a new position in ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 2nd quarter, Holdings Channel reports. The firm acquired 59,875 shares of the semiconductor company’s stock, valued at approximately $619,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ASX. Farther Finance Advisors LLC lifted its stake in shares of ASE Technology by 154.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,746 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 1,666 shares during the last quarter. Brooklyn Investment Group increased its position in shares of ASE Technology by 1,084.2% during the 1st quarter. Brooklyn Investment Group now owns 7,650 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 7,004 shares during the last quarter. SVB Wealth LLC purchased a new stake in ASE Technology in the 1st quarter valued at about $68,000. Canopy Partners LLC acquired a new position in ASE Technology in the first quarter valued at about $91,000. Finally, Russell Investments Group Ltd. boosted its stake in ASE Technology by 14.9% during the first quarter. Russell Investments Group Ltd. now owns 10,506 shares of the semiconductor company’s stock worth $92,000 after buying an additional 1,365 shares during the period. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ASX. Nomura Securities raised shares of ASE Technology to a “strong-buy” rating in a research note on Thursday, October 30th. Nomura raised ASE Technology from a “neutral” rating to a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.

ASE Technology Price Performance

ASX stock opened at $14.63 on Friday. The business has a 50 day moving average price of $12.65 and a 200 day moving average price of $10.91. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The stock has a market cap of $32.29 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 0.81 and a beta of 1.45. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $16.39.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $162.64 billion. ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. Equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

ASE Technology Company Profile

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.