44,110 ASE Technology Holding Co., Ltd. $ASX Shares Bought by Ninety One North America Inc.

Ninety One North America Inc. boosted its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 9.7% during the third quarter, Holdings Channel.com reports. The firm owned 498,331 shares of the semiconductor company’s stock after purchasing an additional 44,110 shares during the quarter. Ninety One North America Inc.’s holdings in ASE Technology were worth $22,156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. VMS Asset Management Limited bought a new position in ASE Technology in the third quarter worth about $5,098,000. Mather Group LLC. purchased a new stake in shares of ASE Technology during the third quarter valued at about $144,000. GAMMA Investing LLC lifted its position in shares of ASE Technology by 4.7% during the third quarter. GAMMA Investing LLC now owns 29,019 shares of the semiconductor company’s stock valued at $1,290,000 after buying an additional 1,303 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of ASE Technology by 5.1% in the 3rd quarter. Valeo Financial Advisors LLC now owns 12,242 shares of the semiconductor company’s stock valued at $544,000 after buying an additional 595 shares in the last quarter. Finally, Eastern Bank boosted its holdings in shares of ASE Technology by 10.5% in the 3rd quarter. Eastern Bank now owns 2,339 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Down 6.6%

Shares of ASE Technology stock traded down $2.95 during trading on Thursday, reaching $41.38. The company’s stock had a trading volume of 5,884,635 shares, compared to its average volume of 8,499,975. ASE Technology Holding Co., Ltd. has a 1-year low of $12.31 and a 1-year high of $47.93. The company has a 50-day simple moving average of $40.76 and a two-hundred day simple moving average of $36.84. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The company has a market cap of $92.51 billion, a price-to-earnings ratio of 48.14 and a beta of 1.66.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. ASE Technology had a return on equity of 16.12% and a net margin of 8.52%. The company had revenue of $81.66 million during the quarter, compared to analysts’ expectations of $5.96 billion. As a group, equities analysts forecast that ASE Technology Holding Co., Ltd. will post 1.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 22nd. Wall Street Zen lowered shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. Finally, Weiss Ratings raised shares of ASE Technology from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

ASE Technology Profile

ASE Technology Holding Co, Ltd. is a Taiwan-based provider of semiconductor manufacturing services. Through its subsidiaries, the company offers outsourced semiconductor assembly and testing (OSAT) services, helping chip manufacturers package and test integrated circuits before they are incorporated into electronic products.

Its services include wafer probing, wafer bumping, flip-chip and wire-bond packaging, system-in-package and other advanced packaging technologies, as well as final testing and related engineering services.