Ovata Capital Management Ltd Purchases New Shares in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Ovata Capital Management Ltd purchased a new position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 272,200 shares of the semiconductor company's stock, valued at approximately $2,761,000. ASE Technology comprises about 1.1% of Ovata Capital Management Ltd's holdings, making the stock its 20th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its stake in shares of ASE Technology by 152.7% during the 3rd quarter. FMR LLC now owns 185,500 shares of the semiconductor company's stock worth $1,810,000 after purchasing an additional 112,104 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in ASE Technology by 24.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 336,500 shares of the semiconductor company's stock valued at $3,284,000 after purchasing an additional 66,500 shares during the period. Quantinno Capital Management LP increased its position in ASE Technology by 22.6% in the third quarter. Quantinno Capital Management LP now owns 76,200 shares of the semiconductor company's stock worth $744,000 after buying an additional 14,041 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of ASE Technology in the third quarter valued at $1,969,000. Finally, Orion Portfolio Solutions LLC grew its stake in shares of ASE Technology by 10.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 139,145 shares of the semiconductor company's stock worth $1,358,000 after acquiring an additional 12,780 shares during the period. 6.80% of the stock is owned by hedge funds and other institutional investors.

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ASE Technology Stock Performance

ASE Technology stock traded down $0.57 during mid-day trading on Thursday, reaching $7.78. The company's stock had a trading volume of 7,960,709 shares, compared to its average volume of 8,293,029. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $12.86. The firm's fifty day moving average price is $9.72 and its two-hundred day moving average price is $9.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 1.19. The company has a market capitalization of $17.18 billion, a P/E ratio of 17.18, a PEG ratio of 0.47 and a beta of 1.21.

ASE Technology (NYSE:ASX - Get Free Report) last posted its earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. Sell-side analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

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.