Hel Ved Capital Management Ltd Reduces Stock Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Hel Ved Capital Management Ltd trimmed its position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 33.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 651,850 shares of the semiconductor company's stock after selling 323,150 shares during the quarter. ASE Technology comprises approximately 1.9% of Hel Ved Capital Management Ltd's holdings, making the stock its 15th biggest position. Hel Ved Capital Management Ltd's holdings in ASE Technology were worth $6,564,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its stake in ASE Technology by 166.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 2,307 shares in the last quarter. Allworth Financial LP lifted its stake in ASE Technology by 42.5% in the fourth quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 1,104 shares during the last quarter. R Squared Ltd bought a new position in shares of ASE Technology during the fourth quarter valued at approximately $51,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of ASE Technology during the third quarter valued at $77,000. Finally, Whipplewood Advisors LLC bought a new stake in ASE Technology during the 4th quarter valued at about $93,000. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Trading Down 6.8 %

NYSE:ASX traded down $0.57 during midday trading on Thursday, hitting $7.79. The stock had a trading volume of 8,123,394 shares, compared to its average volume of 11,185,339. The stock has a 50-day moving average of $9.72 and a 200 day moving average of $9.96. The company has a market capitalization of $17.19 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 0.47 and a beta of 1.21. ASE Technology Holding Co., Ltd. has a one year low of $6.94 and a one year high of $12.86. The company has a quick ratio of 0.93, a current ratio of 1.19 and a debt-to-equity ratio of 0.40.

Remove Ads

ASE Technology (NYSE:ASX - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.03). ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. As a group, sell-side analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current 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.