ASE Technology Holding Co., Ltd. $ASX Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in ASE Technology Holding Co., Ltd. (NYSE:ASXFree Report) by 23.9% in the third quarter, Holdings Channel.com reports. The fund owned 79,239 shares of the semiconductor company’s stock after selling 24,897 shares during the period. Federated Hermes Inc.’s holdings in ASE Technology were worth $879,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. WealthCollab LLC raised its holdings in shares of ASE Technology by 55.2% during the second quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 1,726 shares during the period. MAI Capital Management raised its stake in ASE Technology by 2,409.6% during the second quarter. MAI Capital Management now owns 4,969 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 4,771 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in ASE Technology by 537.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 4,155 shares during the last quarter. Headlands Technologies LLC boosted its stake in ASE Technology by 549.8% in the second quarter. Headlands Technologies LLC now owns 5,153 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 4,360 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of ASE Technology by 76.7% during the third quarter. Farther Finance Advisors LLC now owns 4,852 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 2,106 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Stock Performance

ASX stock opened at $20.94 on Friday. The company has a 50-day simple moving average of $17.32 and a 200 day simple moving average of $13.77. The company has a market capitalization of $46.45 billion, a P/E ratio of 36.10, a PEG ratio of 0.86 and a beta of 1.48. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.64. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $21.42.

ASE Technology (NYSE:ASXGet Free Report) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.47 billion. ASE Technology had a net margin of 6.31% and a return on equity of 12.39%. Sell-side analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on ASX shares. Zacks Research downgraded ASE Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Saturday. Nomura raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ASE Technology in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold”.

View Our Latest Research Report on ASX

ASE Technology News Roundup

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ASE Technology Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ASE Technology (NYSE:ASX)

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