Oppenheimer Asset Management Inc. Trims Stock Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Oppenheimer Asset Management Inc. lowered its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 28.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 401,325 shares of the semiconductor company's stock after selling 161,567 shares during the period. Oppenheimer Asset Management Inc.'s holdings in ASE Technology were worth $4,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ASX. Allworth Financial LP raised its holdings in shares of ASE Technology by 42.5% during the fourth quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 1,104 shares during the period. R Squared Ltd acquired a new stake in shares of ASE Technology in the 4th quarter worth about $51,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of ASE Technology in the 3rd quarter worth about $77,000. Whipplewood Advisors LLC acquired a new stake in shares of ASE Technology in the 4th quarter worth about $93,000. Finally, GAMMA Investing LLC raised its holdings in shares of ASE Technology by 28.0% in the 4th quarter. GAMMA Investing LLC now owns 9,521 shares of the semiconductor company's stock worth $96,000 after acquiring an additional 2,083 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Stock Up 3.1 %

Shares of ASX traded up $0.31 on Wednesday, reaching $10.29. The company's stock had a trading volume of 10,617,966 shares, compared to its average volume of 10,539,327. The company has a current ratio of 1.19, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40. ASE Technology Holding Co., Ltd. has a twelve month low of $8.10 and a twelve month high of $12.86. The stock has a market capitalization of $22.72 billion, a PE ratio of 22.87, a PEG ratio of 0.47 and a beta of 1.17. The firm has a fifty day moving average of $10.42 and a 200-day moving average of $10.06.

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ASE Technology (NYSE:ASX - Get Free Report) last posted its earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.03). ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. Equities analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

ASE Technology Profile

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.