ASE Technology (NYSE:ASX) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

ASE Technology (NYSE:ASX - Get Free Report) issued its quarterly earnings results on Thursday. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02), Zacks reports. ASE Technology had a return on equity of 10.10% and a net margin of 5.47%. The company had revenue of $4.96 billion for the quarter. During the same period last year, the business earned $0.13 earnings per share.

ASE Technology Trading Up 3.3 %

Shares of ASE Technology stock traded up $0.32 during trading hours on Friday, hitting $9.88. The company's stock had a trading volume of 6,866,820 shares, compared to its average volume of 6,204,768. ASE Technology has a 1-year low of $7.68 and a 1-year high of $12.86. The business has a fifty day moving average of $9.86 and a 200 day moving average of $10.40. The company has a market capitalization of $21.69 billion, a PE ratio of 21.96, a P/E/G ratio of 0.63 and a beta of 1.22. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.33.

Analyst Upgrades and Downgrades

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

About ASE Technology

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.