Quadrant Capital Group LLC Buys 152,482 Shares of ASE Technology Holding Co., Ltd. $ASX

Quadrant Capital Group LLC raised its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 69.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 372,012 shares of the semiconductor company’s stock after acquiring an additional 152,482 shares during the period. Quadrant Capital Group LLC’s holdings in ASE Technology were worth $4,126,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rafferty Asset Management LLC boosted its holdings 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 valued at $76,361,000 after purchasing an additional 2,491,918 shares during the period. Schroder Investment Management Group grew its position in shares of ASE Technology by 38.4% during the 3rd quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock worth $80,787,000 after purchasing an additional 2,012,970 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of ASE Technology by 18.8% during the second quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock worth $91,061,000 after purchasing an additional 1,397,206 shares during the period. Jump Financial LLC increased its holdings in shares of ASE Technology by 897.5% during the second quarter. Jump Financial LLC now owns 1,366,018 shares of the semiconductor company’s stock worth $14,111,000 after purchasing an additional 1,229,068 shares during the period. Finally, Cullen Capital Management LLC raised its position in shares of ASE Technology by 24.1% in the second quarter. Cullen Capital Management LLC now owns 5,580,176 shares of the semiconductor company’s stock valued at $57,643,000 after buying an additional 1,082,941 shares in the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Price Performance

ASX stock opened at $21.71 on Wednesday. The company’s 50-day moving average price is $20.68 and its two-hundred day moving average price is $15.86. The firm has a market cap of $48.15 billion, a P/E ratio of 37.43, a P/E/G ratio of 0.90 and a beta of 1.42. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 0.57. ASE Technology Holding Co., Ltd. has a 12 month low of $6.94 and a 12 month high of $25.28.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). 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 12.00% and a net margin of 6.31%. On average, analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ASX. Zacks Research cut ASE Technology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Wall Street Zen lowered ASE Technology from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, January 21st. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.