ASE Technology Holding Co., Ltd. $ASX Position Trimmed by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. trimmed its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 26.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,027,209 shares of the semiconductor company’s stock after selling 2,204,965 shares during the period. Goldman Sachs Group Inc. owned about 0.27% of ASE Technology worth $97,038,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in ASE Technology during the fourth quarter worth approximately $27,000. Smartleaf Asset Management LLC boosted its holdings in ASE Technology by 1,704.8% during the third quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock worth $30,000 after buying an additional 2,506 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in ASE Technology during the fourth quarter worth approximately $32,000. SBI Securities Co. Ltd. boosted its holdings in ASE Technology by 256.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock worth $40,000 after buying an additional 1,795 shares in the last quarter. Finally, WealthCollab LLC boosted its holdings in 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 buying an additional 1,726 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Trading Down 1.3%

ASE Technology stock opened at $35.04 on Wednesday. The company has a 50 day moving average price of $31.22 and a 200 day moving average price of $23.37. ASE Technology Holding Co., Ltd. has a 52 week low of $9.30 and a 52 week high of $41.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.15. The firm has a market capitalization of $77.91 billion, a price-to-earnings ratio of 51.53, a P/E/G ratio of 0.71 and a beta of 1.72.

ASE Technology (NYSE:ASX) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.32 billion. Research analysts forecast that ASE Technology Holding Co., Ltd. will post 1.05 EPS for the current year.

Analyst Upgrades and Downgrades

ASX has been the subject of a number of research reports. Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, ASE Technology has an average rating of “Buy”.

About ASE Technology

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.