Creative Planning Increases Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Creative Planning boosted its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 93.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 234,004 shares of the semiconductor company's stock after buying an additional 112,879 shares during the period. Creative Planning's holdings in ASE Technology were worth $2,277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of ASE Technology in the 2nd quarter valued at approximately $43,000. Fifth Third Bancorp lifted its stake in shares of ASE Technology by 423.8% in the 2nd quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company's stock valued at $75,000 after purchasing an additional 5,289 shares during the last quarter. Burns Matteson Capital Management LLC bought a new stake in shares of ASE Technology in the 1st quarter valued at approximately $107,000. Cetera Advisors LLC bought a new stake in shares of ASE Technology in the 1st quarter valued at approximately $120,000. Finally, D Orazio & Associates Inc. bought a new stake in shares of ASE Technology in the 2nd quarter valued at approximately $126,000. 6.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ASX shares. UBS Group raised ASE Technology from a "neutral" rating to a "buy" rating in a research note on Tuesday, October 15th. StockNews.com lowered ASE Technology from a "buy" rating to a "hold" rating in a research note on Friday, September 20th. Finally, Morgan Stanley raised ASE Technology from an "equal weight" rating to an "overweight" rating in a research note on Monday, September 16th.

ASE Technology Trading Down 1.7 %

Shares of ASX stock traded down $0.18 on Monday, reaching $10.14. 4,416,729 shares of the company's stock were exchanged, compared to its average volume of 6,798,340. ASE Technology Holding Co., Ltd. has a 52 week low of $7.33 and a 52 week high of $12.86. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $22.23 billion, a PE ratio of 22.04, a P/E/G ratio of 0.65 and a beta of 1.22. The company's fifty day simple moving average is $9.86 and its 200 day simple moving average is $10.42.

ASE Technology (NYSE:ASX - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $4.33 billion for the quarter. ASE Technology had a return on equity of 9.90% and a net margin of 5.38%. During the same quarter in the previous year, the business earned $0.12 earnings per share. As a group, analysts forecast 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.