Summit Global Investments Acquires Shares of 159,065 ASE Technology Holding Co., Ltd. (NYSE:ASX)

Summit Global Investments acquired a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 159,065 shares of the semiconductor company's stock, valued at approximately $1,602,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its stake in shares of ASE Technology by 3.3% during the 4th quarter. Fisher Asset Management LLC now owns 15,674,623 shares of the semiconductor company's stock worth $157,843,000 after buying an additional 507,008 shares during the last quarter. Citigroup Inc. lifted its position in ASE Technology by 9.7% during the third 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. JPMorgan Chase & Co. boosted its holdings in shares of 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 acquiring an additional 1,818,753 shares during the period. TT International Asset Management LTD grew its position in shares of ASE Technology by 14.8% in the third quarter. TT International Asset Management LTD now owns 2,063,535 shares of the semiconductor company's stock valued at $20,140,000 after purchasing an additional 265,767 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd increased its stake in shares of ASE Technology by 17.3% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,162,852 shares of the semiconductor company's stock worth $11,710,000 after purchasing an additional 171,463 shares during the period. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Stock Performance

ASX traded down $0.20 during trading on Thursday, hitting $9.31. The stock had a trading volume of 12,897,837 shares, compared to its average volume of 7,716,344. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.19 and a quick ratio of 0.93. The firm has a market cap of $20.54 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 0.47 and a beta of 1.21. The company has a 50 day moving average price of $10.22 and a 200-day moving average price of $10.07. ASE Technology Holding Co., Ltd. has a one year low of $8.10 and a one year high of $12.86.

ASE Technology (NYSE:ASX - Get Free Report) last announced its earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share (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%. As a group, research analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current 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.