DRW Securities LLC Buys New Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

DRW Securities LLC acquired a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 82,945 shares of the semiconductor company's stock, valued at approximately $810,000.

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

Analyst Upgrades and Downgrades

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

ASE Technology Trading Down 1.5 %

ASX stock traded down $0.15 during midday trading on Tuesday, hitting $9.76. The stock had a trading volume of 5,401,251 shares, compared to its average volume of 6,816,741. ASE Technology Holding Co., Ltd. has a 12-month low of $8.10 and a 12-month high of $12.86. The firm has a market cap of $21.42 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 0.70 and a beta of 1.22. The company's 50-day moving average price is $9.94 and its 200 day moving average price is $10.34. 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 (NYSE:ASX - Get Free Report) last posted its quarterly 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). ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. The business had revenue of $4.96 billion during the quarter. During the same period last year, the business earned $0.13 EPS. On average, equities research analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current fiscal year.

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.