JPMorgan Chase & Co. Buys 1,818,753 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

JPMorgan Chase & Co. boosted its position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 103.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,571,208 shares of the semiconductor company's stock after purchasing an additional 1,818,753 shares during the quarter. JPMorgan Chase & Co. owned about 0.16% of ASE Technology worth $34,855,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of ASE Technology during the 3rd quarter valued at $77,000. TT International Asset Management LTD lifted its position in ASE Technology by 14.8% during the third quarter. TT International Asset Management LTD now owns 2,063,535 shares of the semiconductor company's stock worth $20,140,000 after purchasing an additional 265,767 shares during the period. Coldstream Capital Management Inc. grew its stake in ASE Technology by 20.5% during the third quarter. Coldstream Capital Management Inc. now owns 18,701 shares of the semiconductor company's stock worth $183,000 after buying an additional 3,186 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in ASE Technology in the 3rd quarter valued at about $767,000. Finally, Y Intercept Hong Kong Ltd raised its position in shares of ASE Technology by 5.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 116,423 shares of the semiconductor company's stock valued at $1,136,000 after buying an additional 6,011 shares in the last quarter. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Price Performance

Shares of NYSE ASX traded up $0.22 during midday trading on Tuesday, reaching $10.86. 11,030,356 shares of the company were exchanged, compared to its average volume of 9,663,364. ASE Technology Holding Co., Ltd. has a one year low of $8.10 and a one year high of $12.86. The stock has a market cap of $23.84 billion, a P/E ratio of 24.13, a PEG ratio of 0.71 and a beta of 1.19. 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 stock's 50-day moving average price is $9.96 and its 200-day moving average price is $10.13.

ASE Technology (NYSE:ASX - Get Free Report) last issued its earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 period in the previous year, the firm posted $0.13 earnings per share. On average, sell-side analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley upgraded shares of ASE Technology from an "equal weight" rating to an "overweight" rating in a research report on Monday, September 16th. StockNews.com lowered 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 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.