Mizuho Securities Co. Ltd. Lowers Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Mizuho Securities Co. Ltd. trimmed its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 72.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,980 shares of the semiconductor company's stock after selling 133,540 shares during the period. ASE Technology makes up about 7.7% of Mizuho Securities Co. Ltd.'s holdings, making the stock its 3rd biggest position. Mizuho Securities Co. Ltd.'s holdings in ASE Technology were worth $507,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ASX. JPMorgan Chase & Co. grew its holdings in shares of ASE Technology by 103.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,571,208 shares of the semiconductor company's stock valued at $34,855,000 after acquiring an additional 1,818,753 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of ASE Technology by 10.8% during the 3rd quarter. Fisher Asset Management LLC now owns 15,167,615 shares of the semiconductor company's stock valued at $148,036,000 after acquiring an additional 1,481,424 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of ASE Technology in the 4th quarter valued at approximately $3,288,000. TT International Asset Management LTD lifted its holdings in ASE Technology by 14.8% in the 3rd quarter. TT International Asset Management LTD now owns 2,063,535 shares of the semiconductor company's stock worth $20,140,000 after purchasing an additional 265,767 shares during the last quarter. Finally, Pinpoint Asset Management Ltd acquired a new stake in ASE Technology in the 3rd quarter worth approximately $1,983,000. 6.80% of the stock is owned by hedge funds and other institutional investors.

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ASE Technology Stock Performance

ASX stock traded down $0.48 during midday trading on Friday, hitting $8.81. 12,884,295 shares of the company traded hands, compared to its average volume of 7,881,796. The business has a 50 day simple moving average of $10.16 and a 200-day simple moving average of $10.07. The company has a quick ratio of 0.93, a current ratio of 1.19 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 $19.44 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 0.47 and a beta of 1.21.

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

ASE Technology Company 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.