ASE Technology (NYSE:ASX) Stock Price Up 4.1% - What's Next?

ASE Technology Holding Co., Ltd. (NYSE:ASX - Get Free Report) shot up 4.1% during mid-day trading on Thursday . The company traded as high as $10.82 and last traded at $10.80. 286,830 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 6,836,360 shares. The stock had previously closed at $10.37.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ASX. StockNews.com lowered shares of ASE Technology from a "buy" rating to a "hold" rating in a report on Friday, September 20th. Morgan Stanley upgraded shares of ASE Technology from an "equal weight" rating to an "overweight" rating in a report on Monday, September 16th. Finally, UBS Group upgraded shares of ASE Technology from a "neutral" rating to a "buy" rating in a report on Tuesday.

ASE Technology Trading Up 3.6 %

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.17. The firm's fifty day simple moving average is $9.77 and its 200-day simple moving average is $10.46. The stock has a market cap of $23.54 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 0.65 and a beta of 1.22.

ASE Technology (NYSE:ASX - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $4.33 billion during the quarter. ASE Technology had a net margin of 5.38% and a return on equity of 9.90%. During the same quarter in the previous year, the business posted $0.12 EPS. Equities research analysts expect that ASE Technology Holding Co., Ltd. will post 0.51 EPS for the current fiscal year.

Institutional Trading of ASE Technology

Several hedge funds have recently modified their holdings of the stock. Aaron Wealth Advisors LLC increased its stake in shares of ASE Technology by 19.1% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 23,052 shares of the semiconductor company's stock valued at $225,000 after acquiring an additional 3,701 shares in the last quarter. Creative Planning increased its stake in shares of ASE Technology by 93.2% in the 3rd quarter. Creative Planning now owns 234,004 shares of the semiconductor company's stock valued at $2,277,000 after acquiring an additional 112,879 shares in the last quarter. First Affirmative Financial Network increased its stake in shares of ASE Technology by 13.7% in the 3rd quarter. First Affirmative Financial Network now owns 15,330 shares of the semiconductor company's stock valued at $150,000 after acquiring an additional 1,851 shares in the last quarter. CWM LLC increased its stake in shares of ASE Technology by 18.5% in the 3rd quarter. CWM LLC now owns 19,583 shares of the semiconductor company's stock valued at $191,000 after acquiring an additional 3,061 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in ASE Technology in the 2nd quarter valued at $1,901,000. Institutional investors own 6.80% of the company's stock.

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.