IFP Advisors Inc Trims Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

IFP Advisors Inc reduced its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Rating) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,090 shares of the semiconductor company’s stock after selling 3,117 shares during the quarter. IFP Advisors Inc’s holdings in ASE Technology were worth $57,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ASX. Penserra Capital Management LLC bought a new stake in ASE Technology in the third quarter valued at $34,000. Glassman Wealth Services raised its stake in shares of ASE Technology by 41.8% during the fourth quarter. Glassman Wealth Services now owns 5,392 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 1,589 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in ASE Technology during the third quarter worth about $52,000. Raymond James Financial Services Advisors Inc. acquired a new position in ASE Technology during the third quarter worth about $53,000. Finally, Drive Wealth Management LLC acquired a new position in ASE Technology during the third quarter worth about $57,000. 7.03% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Trading Up 3.4 %

NYSE:ASX opened at $7.23 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.16 and a quick ratio of 0.79. ASE Technology Holding Co., Ltd. has a fifty-two week low of $4.45 and a fifty-two week high of $7.97. The stock’s 50-day moving average is $7.32 and its two-hundred day moving average is $6.93. The stock has a market cap of $15.79 billion, a PE ratio of 8.71 and a beta of 1.22.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com started coverage on ASE Technology in a report on Thursday. They set a “buy” rating on the stock. China Renaissance cut ASE Technology from a “buy” rating to a “hold” rating in a research note on Thursday, February 9th.

ASE Technology Company Profile

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ASE Technology Holding Co, Ltd. engages in the provision of semiconductor manufacturing services. It develops and offers complete turnkey solutions in IC (Integrated Circuit) packaging, design and production of interconnect materials, front-end engineering testing, wafer probing and final testing, as well as electronic manufacturing services.