Allspring Global Investments Holdings LLC Raises Stock Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Allspring Global Investments Holdings LLC raised its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 585.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,813 shares of the semiconductor company's stock after buying an additional 93,790 shares during the period. Allspring Global Investments Holdings LLC's holdings in ASE Technology were worth $1,072,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Beverly Hills Private Wealth LLC lifted its position in ASE Technology by 5.4% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 22,195 shares of the semiconductor company's stock worth $253,000 after buying an additional 1,130 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of ASE Technology by 3.6% in the 2nd quarter. Atomi Financial Group Inc. now owns 38,924 shares of the semiconductor company's stock worth $445,000 after acquiring an additional 1,345 shares during the last quarter. First Affirmative Financial Network boosted 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 purchasing an additional 1,851 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of ASE Technology by 13.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 17,295 shares of the semiconductor company's stock valued at $198,000 after purchasing an additional 2,083 shares during the last quarter. Finally, Henry James International Management Inc. raised its position in ASE Technology by 3.0% in the 1st quarter. Henry James International Management Inc. now owns 93,788 shares of the semiconductor company's stock worth $1,031,000 after purchasing an additional 2,714 shares during the period. Hedge funds and other institutional investors own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Morgan Stanley upgraded shares of ASE Technology from an "equal weight" rating to an "overweight" rating in a research report on Monday, September 16th. UBS Group upgraded ASE Technology from a "neutral" rating to a "buy" rating in a report on Tuesday, October 15th. Finally, StockNews.com lowered ASE Technology from a "buy" rating to a "hold" rating in a research report on Friday, September 20th.

ASE Technology Trading Up 3.3 %

ASE Technology stock traded up $0.32 during trading hours on Friday, reaching $9.88. The stock had a trading volume of 6,866,820 shares, compared to its average volume of 6,834,104. The stock has a market cap of $21.69 billion, a PE ratio of 21.96, a PEG ratio of 0.65 and a beta of 1.22. The company has a fifty day simple moving average of $9.86 and a 200-day simple moving average of $10.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.17 and a quick ratio of 0.90. ASE Technology Holding Co., Ltd. has a 52 week low of $7.68 and a 52 week high of $12.86.

ASE Technology 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.