ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Sold by Barclays PLC

Barclays PLC lessened its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 6.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,482,632 shares of the semiconductor company's stock after selling 158,532 shares during the period. Barclays PLC owned about 0.11% of ASE Technology worth $24,230,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ASX. Public Employees Retirement System of Ohio bought a new stake in shares of ASE Technology in the 3rd quarter worth about $767,000. Y Intercept Hong Kong Ltd increased its holdings in ASE Technology by 5.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 116,423 shares of the semiconductor company's stock valued at $1,136,000 after buying an additional 6,011 shares during the last quarter. Dorsey Wright & Associates raised its stake in ASE Technology by 11.6% during the third quarter. Dorsey Wright & Associates now owns 311,072 shares of the semiconductor company's stock valued at $3,036,000 after buying an additional 32,234 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in shares of ASE Technology by 10.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 139,145 shares of the semiconductor company's stock worth $1,358,000 after acquiring an additional 12,780 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of ASE Technology in the 3rd quarter worth approximately $1,969,000. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Stock Performance

Shares of NYSE ASX traded up $0.29 during mid-day trading on Friday, hitting $10.16. The company had a trading volume of 10,863,807 shares, compared to its average volume of 6,841,472. The stock has a market cap of $22.30 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 0.71 and a beta of 1.21. The firm's 50 day simple moving average is $9.93 and its two-hundred day simple moving average is $10.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89. ASE Technology Holding Co., Ltd. has a 12 month low of $8.10 and a 12 month high of $12.86.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. The firm had revenue of $4.96 billion for the quarter. During the same period last year, the business posted $0.13 earnings per share. As a group, equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on ASX shares. UBS Group upgraded ASE Technology from a "neutral" rating to a "buy" rating in a research note on Tuesday, October 15th. StockNews.com downgraded shares of ASE Technology from a "buy" rating to a "hold" rating in a research report on Friday, September 20th. Finally, Morgan Stanley raised shares of ASE Technology from an "equal weight" rating to an "overweight" rating in a research report on Monday, September 16th.

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.