Raymond James Financial Inc. Purchases New Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Raymond James Financial Inc. acquired a new position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 109,406 shares of the semiconductor company's stock, valued at approximately $1,102,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of ASE Technology by 103.8% in the third quarter. JPMorgan Chase & Co. now owns 3,571,208 shares of the semiconductor company's stock valued at $34,855,000 after buying an additional 1,818,753 shares during the period. TT International Asset Management LTD lifted its position in shares of ASE Technology by 14.8% during the third quarter. TT International Asset Management LTD now owns 2,063,535 shares of the semiconductor company's stock worth $20,140,000 after acquiring an additional 265,767 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ASE Technology in the fourth quarter valued at $710,000. Y Intercept Hong Kong Ltd boosted its stake in ASE Technology by 28.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 149,965 shares of the semiconductor company's stock worth $1,510,000 after purchasing an additional 33,542 shares during the period. Finally, Rhumbline Advisers grew its holdings in ASE Technology by 9.3% during the 4th quarter. Rhumbline Advisers now owns 805,764 shares of the semiconductor company's stock valued at $8,114,000 after buying an additional 68,654 shares in the last quarter. 6.80% of the stock is owned by institutional investors.

ASE Technology Trading Down 9.2 %

Shares of ASE Technology stock opened at $8.20 on Friday. The company's 50-day moving average price is $10.00 and its 200-day moving average price is $10.04. The company has a market cap of $18.09 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 0.47 and a beta of 1.21. ASE Technology Holding Co., Ltd. has a 12-month low of $8.10 and a 12-month 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.

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ASE Technology (NYSE:ASX - Get Free Report) last posted its earnings results on Thursday, February 13th. The semiconductor company reported $0.13 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%. On average, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal 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.

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