ASE Technology (NYSE:ASX) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of ASE Technology (NYSE:ASX) from a hold rating to a buy rating in a research report released on Saturday morning.

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

ASE Technology Stock Up 3.4%

ASX opened at $20.94 on Friday. The company has a market capitalization of $46.45 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.13 and a quick ratio of 0.88. ASE Technology has a fifty-two week low of $6.94 and a fifty-two week high of $21.42. The business has a 50-day moving average of $17.32 and a 200-day moving average of $13.80.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.47 billion. ASE Technology had a return on equity of 12.39% and a net margin of 6.31%. Equities research analysts forecast that ASE Technology will post 0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On ASE Technology

A number of hedge funds have recently bought and sold shares of ASX. Bank of America Corp DE increased its stake in shares of ASE Technology by 9.6% in the third quarter. Bank of America Corp DE now owns 9,661,484 shares of the semiconductor company’s stock worth $107,146,000 after purchasing an additional 846,300 shares during the period. UBS Group AG grew its holdings in ASE Technology by 11.4% in the 4th quarter. UBS Group AG now owns 9,038,322 shares of the semiconductor company’s stock valued at $145,517,000 after buying an additional 922,692 shares during the last quarter. Rafferty Asset Management LLC increased its position in ASE Technology by 50.9% in the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock worth $76,361,000 after buying an additional 2,491,918 shares during the period. Schroder Investment Management Group lifted its holdings in shares of ASE Technology by 38.4% during the third quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock worth $80,787,000 after buying an additional 2,012,970 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of ASE Technology by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock worth $50,591,000 after buying an additional 780,651 shares during the last quarter. 6.80% of the stock is currently owned by institutional investors.

ASE Technology News Summary

Here are the key news stories impacting ASE Technology this week:

• Positive Sentiment: Q4 results beat consensus: ASE reported $0.21 EPS vs. $0.20 expected and revenue of $5.67B vs. $5.47B consensus — investors viewed this as an earnings “blowout.” ASE Technology (ASX) Climbs 6.7% on Earnings Blowout
• Positive Sentiment: Management is targeting a $3.2B LEAP (advanced packaging) revenue target for 2026, citing strong AI demand — this roadmap supports revenue upside and investor optimism about ASE’s exposure to AI supply chains. ASE Technology targets $3.2B LEAP revenue in 2026 driven by AI demand and advanced packaging
• Positive Sentiment: Official financial release: ASE reported NT$177,915M in 4Q25 net revenues — +9.6% YoY and +5.5% sequentially, confirming broad top-line strength across the business. ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Fourth Quarter and the Full Year of 2025
• Neutral Sentiment: Management commentary and slides from the earnings presentation provide detail on margin trends, capacity expansion and product mix; investors should review the deck/transcript for specifics on timing and capex. ASE Technology Holding Co., Ltd. 2025 Q4 – Results – Earnings Call Presentation
• Neutral Sentiment: Full earnings call transcript is available for detail on customer demand, China/Taiwan exposure and near-term guidance — useful for assessing execution risk. ASE Technology Holding Co., Ltd. (ASX) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Valuation and execution risk: ASE trades at a relatively rich P/E (~42); much of the upside is tied to achieving LEAP/AI revenue targets — a miss or slower AI demand could pressure the stock.

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.