Public Employees Retirement System of Ohio bought a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 78,599 shares of the semiconductor company's stock, valued at approximately $767,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd lifted its stake in ASE Technology by 5.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 116,423 shares of the semiconductor company's stock valued at $1,136,000 after buying an additional 6,011 shares in the last quarter. Dorsey Wright & Associates lifted its position in ASE Technology by 11.6% in the 3rd quarter. Dorsey Wright & Associates now owns 311,072 shares of the semiconductor company's stock valued at $3,036,000 after acquiring an additional 32,234 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in ASE Technology by 10.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 139,145 shares of the semiconductor company's stock worth $1,358,000 after purchasing an additional 12,780 shares during the period. XTX Topco Ltd acquired a new position in ASE Technology in the 3rd quarter worth $1,969,000. Finally, Quantinno Capital Management LP raised its stake in shares of ASE Technology by 22.6% in the 3rd quarter. Quantinno Capital Management LP now owns 76,200 shares of the semiconductor company's stock valued at $744,000 after purchasing an additional 14,041 shares during the period. 6.80% of the stock is currently owned by institutional investors.
ASE Technology Stock Performance
ASE Technology stock traded up $0.09 during midday trading on Friday, hitting $10.00. The company's stock had a trading volume of 15,321,103 shares, compared to its average volume of 6,907,218. The company has a 50-day moving average price of $9.94 and a two-hundred day moving average price of $10.23. 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 market cap of $21.95 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 0.71 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89.
ASE Technology (NYSE:ASX - Get Free Report) last released its earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.02). ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. The company had revenue of $4.96 billion for the quarter. During the same period last year, the firm posted $0.13 EPS. As a group, sell-side analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently commented on ASX. Morgan Stanley upgraded shares of ASE Technology from an "equal weight" rating to an "overweight" rating in a research note on Monday, September 16th. StockNews.com cut ASE Technology from a "buy" rating to a "hold" rating in a research report on Friday, September 20th. Finally, UBS Group upgraded ASE Technology from a "neutral" rating to a "buy" rating in a research note on Tuesday, October 15th.
Check Out Our Latest Stock Analysis on ASE Technology
About ASE Technology
(
Free Report)
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.
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