Natixis Advisors LLC Sells 166,405 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Natixis Advisors LLC cut its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,235,148 shares of the semiconductor company's stock after selling 166,405 shares during the quarter. Natixis Advisors LLC owned about 0.10% of ASE Technology worth $21,815,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Lazard Asset Management LLC boosted its stake in ASE Technology by 2.8% in the 1st quarter. Lazard Asset Management LLC now owns 21,308,753 shares of the semiconductor company's stock valued at $234,182,000 after buying an additional 584,333 shares in the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of ASE Technology by 105.3% in the second quarter. Driehaus Capital Management LLC now owns 982,028 shares of the semiconductor company's stock worth $11,215,000 after acquiring an additional 503,765 shares during the period. Squarepoint Ops LLC grew its stake in shares of ASE Technology by 528.5% in the second quarter. Squarepoint Ops LLC now owns 478,766 shares of the semiconductor company's stock worth $5,468,000 after purchasing an additional 402,585 shares during the last quarter. Earnest Partners LLC raised its holdings in ASE Technology by 10.4% in the 2nd quarter. Earnest Partners LLC now owns 2,840,090 shares of the semiconductor company's stock worth $32,434,000 after acquiring an additional 266,991 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in ASE Technology in the 2nd quarter worth $2,997,000. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com lowered 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 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 Trading Up 0.4 %

Shares of ASX stock traded up $0.04 on Tuesday, hitting $9.82. 1,647,837 shares of the company's stock traded hands, compared to its average volume of 6,825,838. 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 capitalization of $21.56 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 0.67 and a beta of 1.22. The company's fifty day simple moving average is $9.91 and its 200 day simple moving average is $10.36. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18.

ASE Technology (NYSE:ASX - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 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 for the quarter. During the same quarter last year, the firm earned $0.13 earnings per share. Equities analysts forecast that ASE Technology Holding Co., Ltd. will post 0.48 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.