Citigroup Inc. Boosts Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Citigroup Inc. increased its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 9.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,323,059 shares of the semiconductor company's stock after acquiring an additional 382,425 shares during the period. Citigroup Inc. owned about 0.20% of ASE Technology worth $42,193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ASX. Allspring Global Investments Holdings LLC increased its holdings in shares of ASE Technology by 7.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 16,023 shares of the semiconductor company's stock valued at $183,000 after purchasing an additional 1,046 shares in the last quarter. Beverly Hills Private Wealth LLC increased its holdings in ASE Technology by 5.4% in the second quarter. Beverly Hills Private Wealth LLC now owns 22,195 shares of the semiconductor company's stock valued at $253,000 after buying an additional 1,130 shares in the last quarter. Atomi Financial Group Inc. raised its position in shares of ASE Technology by 3.6% in the second quarter. Atomi Financial Group Inc. now owns 38,924 shares of the semiconductor company's stock worth $445,000 after acquiring an additional 1,345 shares during the period. First Affirmative Financial Network boosted its stake in shares of ASE Technology by 13.7% during the 3rd quarter. First Affirmative Financial Network now owns 15,330 shares of the semiconductor company's stock worth $150,000 after acquiring an additional 1,851 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of ASE Technology by 13.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 17,295 shares of the semiconductor company's stock valued at $198,000 after acquiring an additional 2,083 shares during the period. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

ASE Technology Price Performance

Shares of ASE Technology stock traded down $0.02 during mid-day trading on Monday, reaching $9.91. 6,293,560 shares of the stock traded hands, compared to its average volume of 6,822,947. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average of $9.93 and a 200 day moving average of $10.34. The stock has a market capitalization of $21.75 billion, a PE ratio of 22.16, a PEG ratio of 0.70 and a beta of 1.22. ASE Technology Holding Co., Ltd. has a fifty-two week low of $8.10 and a fifty-two week high of $12.86.

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

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.