Blue Trust Inc. Has $1.56 Million Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Blue Trust Inc. grew its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 86.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,119 shares of the semiconductor company's stock after acquiring an additional 74,278 shares during the period. Blue Trust Inc.'s holdings in ASE Technology were worth $1,563,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ASX. Ashton Thomas Private Wealth LLC bought a new position in ASE Technology during the second quarter worth about $43,000. Fifth Third Bancorp increased its stake in ASE Technology by 423.8% during the 2nd quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company's stock worth $75,000 after acquiring an additional 5,289 shares during the period. Burns Matteson Capital Management LLC acquired a new position in ASE Technology in the 1st quarter valued at $107,000. Cetera Advisors LLC bought a new stake in shares of ASE Technology during the 1st quarter valued at $120,000. Finally, CFO4Life Group LLC acquired a new stake in shares of ASE Technology during the 1st quarter worth $123,000. Institutional investors own 6.80% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on ASX. StockNews.com cut shares of ASE Technology from a "buy" rating to a "hold" rating in a research report on Friday, September 20th. Morgan Stanley upgraded shares of ASE Technology from an "equal weight" rating to an "overweight" rating in a research report on Monday, September 16th. Finally, UBS Group upgraded shares of ASE Technology from a "neutral" rating to a "buy" rating in a research report on Tuesday, October 15th.

ASE Technology Price Performance

Shares of ASX stock traded down $0.35 on Friday, hitting $10.39. 4,394,709 shares of the company's stock were exchanged, compared to its average volume of 6,851,539. ASE Technology Holding Co., Ltd. has a 12 month low of $7.33 and a 12 month high of $12.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.17 and a quick ratio of 0.90. The company has a 50 day moving average of $9.82 and a 200 day moving average of $10.45. The stock has a market cap of $22.78 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 0.65 and a beta of 1.22.

ASE Technology (NYSE:ASX - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. The company had revenue of $4.33 billion for 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 earnings per share. On average, equities research analysts predict that ASE Technology Holding Co., Ltd. will post 0.51 EPS for the current year.

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.