ASE Technology (NYSE:ASX) Reaches New 12-Month Low - What's Next?

ASE Technology Holding Co., Ltd. (NYSE:ASX - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $6.94 and last traded at $8.34, with a volume of 36768396 shares. The stock had previously closed at $7.42.

ASE Technology Stock Up 3.3 %

The company has a current ratio of 1.19, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40. The stock's fifty day moving average is $9.61 and its two-hundred day moving average is $9.91. The company has a market capitalization of $18.75 billion, a PE ratio of 18.88, a P/E/G ratio of 0.47 and a beta of 1.21.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share 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, analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in ASE Technology by 36.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,861,813 shares of the semiconductor company's stock valued at $48,958,000 after buying an additional 1,290,605 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ASE Technology during the 4th quarter valued at about $710,000. Rhumbline Advisers increased its position in shares of ASE Technology by 9.3% in the fourth quarter. Rhumbline Advisers now owns 805,764 shares of the semiconductor company's stock worth $8,114,000 after purchasing an additional 68,654 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in ASE Technology by 28.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 149,965 shares of the semiconductor company's stock valued at $1,510,000 after purchasing an additional 33,542 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in ASE Technology by 3.3% during the fourth quarter. Fisher Asset Management LLC now owns 15,674,623 shares of the semiconductor company's stock valued at $157,843,000 after purchasing an additional 507,008 shares during the last quarter. 6.80% of the stock is owned by institutional investors.

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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.