UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 24.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 336,500 shares of the semiconductor company's stock after acquiring an additional 66,500 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in ASE Technology were worth $3,284,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ASX. Ashton Thomas Private Wealth LLC purchased a new stake in ASE Technology during the second quarter valued at about $43,000. Fifth Third Bancorp grew its position in ASE Technology by 423.8% during the 2nd quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company's stock worth $75,000 after acquiring an additional 5,289 shares during the last quarter. Werba Rubin Papier Wealth Management purchased a new position in ASE Technology in the 3rd quarter worth approximately $100,000. Leo Wealth LLC bought a new stake in ASE Technology in the third quarter valued at approximately $114,000. Finally, Cetera Advisors LLC purchased a new stake in shares of ASE Technology during the first quarter valued at approximately $120,000. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Trading Up 2.9 %

Shares of ASE Technology stock traded up $0.29 during midday trading on Friday, reaching $10.16. 10,863,807 shares of the company's stock traded hands, compared to its average volume of 6,841,472. The company has a market cap of $22.30 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. The stock has a 50 day moving average of $9.93 and a 200-day moving average of $10.25. 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 debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18.

ASE Technology (NYSE:ASX - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. The company had revenue of $4.96 billion during the quarter. During the same period in the previous year, the business earned $0.13 EPS. As a group, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on ASX. Morgan Stanley raised shares of ASE Technology from an "equal weight" rating to an "overweight" rating in a research note on Monday, September 16th. UBS Group raised shares of ASE Technology from a "neutral" rating to a "buy" rating in a research note on Tuesday, October 15th. Finally, StockNews.com cut ASE Technology from a "buy" rating to a "hold" rating in a research note on Friday, September 20th.

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.