ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,167,615 shares of the semiconductor company's stock after purchasing an additional 1,481,424 shares during the period. Fisher Asset Management LLC owned approximately 0.69% of ASE Technology worth $148,036,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of ASE Technology during the second quarter valued at about $43,000. Fifth Third Bancorp increased its holdings in ASE Technology by 423.8% during the 2nd quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company's stock worth $75,000 after purchasing an additional 5,289 shares during the last quarter. Werba Rubin Papier Wealth Management acquired a new position in shares of ASE Technology in the 3rd quarter valued at approximately $100,000. Leo Wealth LLC purchased a new position in shares of ASE Technology during the 3rd quarter valued at approximately $114,000. Finally, Cetera Advisors LLC acquired a new stake in shares of ASE Technology during the first quarter worth approximately $120,000. Hedge funds and other institutional investors own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

ASE Technology Stock Performance

ASE Technology stock traded down $0.15 during mid-day trading on Tuesday, reaching $9.76. The company's stock had a trading volume of 5,401,251 shares, compared to its average volume of 6,816,741. The firm has a market cap of $21.42 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 0.70 and a beta of 1.22. ASE Technology Holding Co., Ltd. has a twelve month low of $8.10 and a twelve month high of $12.86. The business has a 50 day moving average price of $9.94 and a 200-day moving average price of $10.34. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 0.38.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings data 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). 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 for the quarter. During the same period in the previous year, the company posted $0.13 earnings per share. Sell-side analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current fiscal 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.