Ashton Thomas Private Wealth LLC Takes $3.29 Million Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Ashton Thomas Private Wealth LLC acquired a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 326,536 shares of the semiconductor company's stock, valued at approximately $3,288,000.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position 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 in the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of ASE Technology by 16.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 17,193 shares of the semiconductor company's stock worth $168,000 after purchasing an additional 2,431 shares in the last quarter. TT International Asset Management LTD raised its position in shares of ASE Technology by 14.8% during 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. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ASE Technology in the 4th quarter valued at approximately $710,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in ASE Technology by 28.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 149,965 shares of the semiconductor company's stock valued at $1,510,000 after buying an additional 33,542 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company's stock.

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ASE Technology Price Performance

Shares of NYSE ASX traded up $0.15 during trading on Friday, reaching $10.05. The company had a trading volume of 10,004,091 shares, compared to its average volume of 10,545,269. 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 has a market capitalization of $22.17 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 0.47 and a beta of 1.21. 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 50-day moving average price of $10.40 and a two-hundred day moving average price of $10.06.

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

About ASE Technology

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.