Fmr LLC Buys 112,104 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

FMR LLC boosted its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 152.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 185,500 shares of the semiconductor company's stock after acquiring an additional 112,104 shares during the quarter. FMR LLC's holdings in ASE Technology were worth $1,810,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. 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 holdings in shares of ASE Technology by 423.8% during the 2nd quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company's stock valued at $75,000 after buying an additional 5,289 shares during the last quarter. Werba Rubin Papier Wealth Management bought a new stake in shares of ASE Technology in the 3rd quarter valued at approximately $100,000. Cetera Advisors LLC acquired a new position in ASE Technology in the first quarter worth approximately $120,000. Finally, D Orazio & Associates Inc. bought a new position in ASE Technology during the second quarter valued at approximately $126,000. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Stock Performance

ASX stock traded up $0.12 during midday trading on Monday, hitting $10.28. 8,199,242 shares of the company traded hands, compared to its average volume of 6,847,083. The business has a 50 day simple moving average of $9.93 and a 200-day simple moving average of $10.25. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.38. ASE Technology Holding Co., Ltd. has a twelve month low of $8.10 and a twelve month high of $12.86. The stock has a market capitalization of $22.57 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21.

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). ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. The firm had revenue of $4.96 billion during the quarter. During the same quarter in the previous year, the business earned $0.13 EPS. As a group, equities research analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current year.

Analysts Set New Price Targets

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

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.