BNP Paribas Financial Markets Sells 329,204 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

BNP Paribas Financial Markets decreased its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 37.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 549,134 shares of the semiconductor company's stock after selling 329,204 shares during the quarter. BNP Paribas Financial Markets' holdings in ASE Technology were worth $5,360,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in ASE Technology during the second quarter valued at $43,000. Fifth Third Bancorp lifted its position in shares of ASE Technology by 423.8% in the second quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company's stock worth $75,000 after buying an additional 5,289 shares during the last quarter. Werba Rubin Papier Wealth Management acquired a new stake in shares of ASE Technology in the third quarter worth about $100,000. Leo Wealth LLC acquired a new stake in shares of ASE Technology in the third quarter worth about $114,000. Finally, Cetera Advisors LLC acquired a new stake in shares of ASE Technology in the first quarter worth about $120,000. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Stock Performance

Shares of NYSE ASX traded up $0.09 during trading hours on Wednesday, hitting $10.00. 2,795,823 shares of the company's stock were exchanged, compared to its average volume of 6,817,355. ASE Technology Holding Co., Ltd. has a 1-year low of $8.10 and a 1-year high of $12.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89. The stock has a market capitalization of $21.95 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 0.71 and a beta of 1.21. The company's 50-day moving average price is $9.92 and its 200-day moving average price is $10.31.

ASE Technology (NYSE:ASX - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. The business had revenue of $4.96 billion for the quarter. During the same period in the previous year, the company earned $0.13 earnings per share. On average, sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ASX has been the subject of a number of analyst reports. Morgan Stanley raised ASE Technology from an "equal weight" rating to an "overweight" rating in a research report on Monday, September 16th. StockNews.com cut ASE Technology from a "buy" rating to a "hold" rating in a research report on Friday, September 20th. Finally, UBS Group raised ASE Technology from a "neutral" rating to a "buy" rating in a research report on Tuesday, October 15th.

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.