Pinnacle Wealth Planning Services Inc. Has $305,000 Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Pinnacle Wealth Planning Services Inc. decreased its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 52.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,313 shares of the semiconductor company's stock after selling 33,175 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in ASE Technology were worth $305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ASX. JPMorgan Chase & Co. increased its position in ASE Technology by 103.8% during the third quarter. JPMorgan Chase & Co. now owns 3,571,208 shares of the semiconductor company's stock worth $34,855,000 after buying an additional 1,818,753 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of ASE Technology by 10.8% during the 3rd quarter. Fisher Asset Management LLC now owns 15,167,615 shares of the semiconductor company's stock worth $148,036,000 after acquiring an additional 1,481,424 shares during the period. Citigroup Inc. increased its holdings in shares of ASE Technology by 9.7% during the 3rd quarter. Citigroup Inc. now owns 4,323,059 shares of the semiconductor company's stock worth $42,193,000 after acquiring an additional 382,425 shares during the last quarter. TT International Asset Management LTD raised its stake in ASE Technology by 14.8% in the 3rd quarter. TT International Asset Management LTD now owns 2,063,535 shares of the semiconductor company's stock valued at $20,140,000 after acquiring an additional 265,767 shares during the period. Finally, Pinpoint Asset Management Ltd acquired a new stake in ASE Technology during the 3rd quarter valued at $1,983,000. Institutional investors own 6.80% of the company's stock.

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ASE Technology Stock Performance

Shares of NYSE:ASX traded down $0.06 on Tuesday, hitting $9.52. The company had a trading volume of 8,237,366 shares, compared to its average volume of 7,620,873. The stock has a market cap of $21.00 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 0.47 and a beta of 1.21. The stock has a 50 day moving average price of $10.39 and a 200 day moving average price of $10.07. ASE Technology Holding Co., Ltd. has a 1-year low of $8.10 and a 1-year high of $12.86. The company has a current ratio of 1.19, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40.

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

ASE Technology Company 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.