XTX Topco Ltd purchased a new position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 201,720 shares of the semiconductor company's stock, valued at approximately $1,969,000.
Other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP grew its position in 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 acquiring an additional 14,041 shares during the last quarter. Pinpoint Asset Management Ltd bought a new position in shares of ASE Technology in the third quarter worth about $1,983,000. Polymer Capital Management HK LTD purchased a new position in ASE Technology in the 3rd quarter worth about $1,225,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in ASE Technology by 24.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 336,500 shares of the semiconductor company's stock valued at $3,284,000 after buying an additional 66,500 shares in the last quarter. Finally, Townsquare Capital LLC boosted its position in ASE Technology by 27.5% in the 3rd quarter. Townsquare Capital LLC now owns 74,847 shares of the semiconductor company's stock valued at $731,000 after buying an additional 16,130 shares during the period. Hedge funds and other institutional investors own 6.80% of the company's stock.
ASE Technology Stock Up 2.8 %
Shares of NYSE:ASX traded up $0.28 during trading hours on Friday, hitting $10.19. The company's stock had a trading volume of 5,521,075 shares, compared to its average volume of 6,732,472. The firm's fifty day moving average price is $9.90 and its 200 day moving average price is $10.29. ASE Technology Holding Co., Ltd. has a 52 week low of $8.10 and a 52 week high of $12.86. The company has a market capitalization of $22.37 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 0.70 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 issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.02). ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. The business had revenue of $4.96 billion during the quarter. During the same period last year, the business earned $0.13 earnings per share. As a group, research analysts expect that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current year.
Analysts Set New Price Targets
ASX has been the subject of several research analyst reports. 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 ASE Technology from a "neutral" rating to a "buy" rating in a research report on Tuesday, October 15th. Finally, StockNews.com downgraded ASE Technology from a "buy" rating to a "hold" rating in a research report on Friday, September 20th.
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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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