ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 75.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,006,798 shares of the semiconductor company’s stock after acquiring an additional 1,294,004 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.14% of ASE Technology worth $17,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. DGS Capital Management LLC increased its stake in shares of ASE Technology by 3.8% in the fourth quarter. DGS Capital Management LLC now owns 42,467 shares of the semiconductor company’s stock valued at $266,000 after purchasing an additional 1,537 shares during the period. Bank of Montreal Can increased its stake in shares of ASE Technology by 14.6% in the first quarter. Bank of Montreal Can now owns 14,713 shares of the semiconductor company’s stock valued at $107,000 after purchasing an additional 1,869 shares during the period. Park Avenue Securities LLC increased its stake in shares of ASE Technology by 3.3% in the first quarter. Park Avenue Securities LLC now owns 68,769 shares of the semiconductor company’s stock valued at $548,000 after purchasing an additional 2,197 shares during the period. Global Retirement Partners LLC increased its stake in shares of ASE Technology by 43.4% in the first quarter. Global Retirement Partners LLC now owns 8,514 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 2,575 shares during the period. Finally, CWM LLC increased its stake in shares of ASE Technology by 24.1% in the first quarter. CWM LLC now owns 13,706 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 2,662 shares during the period. Institutional investors and hedge funds own 7.62% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on ASX shares. StockNews.com lowered shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Saturday. The Goldman Sachs Group upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating and increased their price objective for the company from $6.60 to $9.20 in a report on Friday, July 28th. Finally, HSBC cut shares of ASE Technology from a “buy” rating to a “hold” rating and set a $6.47 price objective for the company. in a report on Wednesday, June 28th.

ASE Technology Trading Up 0.6 %

ASE Technology stock opened at $8.27 on Friday. The firm has a 50 day simple moving average of $7.88 and a 200-day simple moving average of $7.67. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.20 and a quick ratio of 0.86. The stock has a market capitalization of $18.06 billion, a PE ratio of 11.81 and a beta of 1.21. ASE Technology Holding Co., Ltd. has a 12-month low of $4.45 and a 12-month high of $9.03.

ASE Technology (NYSE:ASX) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $0.12 earnings per share for the quarter. The firm had revenue of $4.44 billion during the quarter. ASE Technology had a net margin of 7.38% and a return on equity of 15.41%. As a group, equities research analysts expect that ASE Technology Holding Co., Ltd. will post 0.51 EPS for the current fiscal year.

ASE Technology Company 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; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.