Blue Trust Inc. Has $2.05 Million Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Blue Trust Inc. lifted its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 210,203 shares of the semiconductor company's stock after purchasing an additional 50,084 shares during the quarter. Blue Trust Inc.'s holdings in ASE Technology were worth $2,052,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can acquired a new stake in shares of ASE Technology in the 2nd quarter worth approximately $741,000. Squarepoint Ops LLC lifted its position in ASE Technology by 528.5% in the second quarter. Squarepoint Ops LLC now owns 478,766 shares of the semiconductor company's stock worth $5,468,000 after purchasing an additional 402,585 shares during the period. Driehaus Capital Management LLC increased its position in shares of ASE Technology by 105.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 982,028 shares of the semiconductor company's stock valued at $11,215,000 after purchasing an additional 503,765 shares during the period. Creative Planning lifted its holdings in shares of ASE Technology by 376.7% in the second quarter. Creative Planning now owns 121,125 shares of the semiconductor company's stock valued at $1,383,000 after buying an additional 95,714 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in ASE Technology during the second quarter worth about $1,901,000. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Price Performance

Shares of NYSE ASX traded up $0.07 during trading on Friday, hitting $10.15. The company had a trading volume of 11,610,207 shares, compared to its average volume of 10,057,812. The company has a market cap of $22.28 billion, a P/E ratio of 22.56, a PEG ratio of 0.41 and a beta of 1.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18. The business's 50-day moving average is $10.20 and its 200 day moving average is $10.01. ASE Technology Holding Co., Ltd. has a 52 week low of $8.10 and a 52 week high of $12.86.

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

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of ASE Technology from a "neutral" rating to a "buy" rating in a research report on Tuesday, October 15th.

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.