ASE Technology (NYSE:ASX) Shares Gap Up - Here's Why

ASE Technology Holding Co., Ltd. (NYSE:ASX - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $7.86, but opened at $8.22. ASE Technology shares last traded at $8.24, with a volume of 1,160,132 shares traded.

ASE Technology Trading Down 1.0 %

The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 0.47 and a beta of 1.21. The company has a quick ratio of 0.93, a current ratio of 1.19 and a debt-to-equity ratio of 0.40. The firm's 50 day moving average is $9.61 and its two-hundred day moving average is $9.91.

ASE Technology (NYSE:ASX - Get Free Report) last posted 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 net margin of 5.44% and a return on equity of 9.86%. Equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

Institutional Investors Weigh In On ASE Technology

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of ASE Technology by 103.8% in the third quarter. JPMorgan Chase & Co. now owns 3,571,208 shares of the semiconductor company's stock valued at $34,855,000 after buying an additional 1,818,753 shares during the period. Capula Management Ltd increased its holdings in ASE Technology by 117.8% during the 4th quarter. Capula Management Ltd now owns 2,197,070 shares of the semiconductor company's stock worth $22,124,000 after acquiring an additional 1,188,410 shares during the period. Mirabella Financial Services LLP purchased a new stake in shares of ASE Technology in the fourth quarter worth $6,780,000. Barclays PLC grew its holdings in shares of ASE Technology by 24.6% during the fourth quarter. Barclays PLC now owns 3,094,383 shares of the semiconductor company's stock worth $31,160,000 after purchasing an additional 611,751 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of ASE Technology by 3.3% in the 4th quarter. Fisher Asset Management LLC now owns 15,674,623 shares of the semiconductor company's stock worth $157,843,000 after buying an additional 507,008 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company's stock.

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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.