Park Avenue Securities LLC Buys 13,790 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Park Avenue Securities LLC grew its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASXGet Rating) by 19.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,781 shares of the semiconductor company’s stock after acquiring an additional 13,790 shares during the period. Park Avenue Securities LLC’s holdings in ASE Technology were worth $428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Comerica Bank increased its holdings in ASE Technology by 7.7% during the third quarter. Comerica Bank now owns 38,018 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 2,730 shares during the period. US Bancorp DE increased its holdings in ASE Technology by 230.5% during the third quarter. US Bancorp DE now owns 139,538 shares of the semiconductor company’s stock valued at $697,000 after buying an additional 97,313 shares during the period. Ballentine Partners LLC purchased a new position in ASE Technology during the third quarter valued at approximately $51,000. Truist Financial Corp increased its holdings in ASE Technology by 21.5% during the third quarter. Truist Financial Corp now owns 89,723 shares of the semiconductor company’s stock valued at $448,000 after buying an additional 15,900 shares during the period. Finally, Balentine LLC increased its holdings in ASE Technology by 28.0% during the third quarter. Balentine LLC now owns 115,861 shares of the semiconductor company’s stock valued at $578,000 after buying an additional 25,363 shares during the period. Institutional investors own 7.03% of the company’s stock.

ASE Technology Price Performance

NYSE ASX opened at $7.24 on Friday. The firm’s fifty day simple moving average is $6.57 and its two-hundred day simple moving average is $5.88. The company has a current ratio of 1.22, a quick ratio of 0.85 and a debt-to-equity ratio of 0.42. ASE Technology Holding Co., Ltd. has a 12-month low of $4.45 and a 12-month high of $7.81. The firm has a market capitalization of $15.80 billion, a P/E ratio of 5.93 and a beta of 1.19.

ASE Technology (NYSE:ASXGet Rating) last released its quarterly earnings results on Thursday, October 27th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter. ASE Technology had a net margin of 11.67% and a return on equity of 27.84%. The business had revenue of $6.21 billion for the quarter. Analysts forecast that ASE Technology Holding Co., Ltd. will post 0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Wednesday, November 30th.

ASE Technology Profile

(Get Rating)

ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It offers packaging services, including flip chip ball grid array (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packages, low profile and thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, and 3D chip packages; stacked die solutions in various packages; and copper and silver wire bonding solutions.

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Institutional Ownership by Quarter for ASE Technology (NYSE:ASX)

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