American Century Companies Inc. Boosts Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

American Century Companies Inc. boosted its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 20.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,213,181 shares of the semiconductor company’s stock after buying an additional 204,749 shares during the period. American Century Companies Inc. owned 0.06% of ASE Technology worth $9,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in ASE Technology by 75.5% during the first quarter. Envestnet Asset Management Inc. now owns 3,006,798 shares of the semiconductor company’s stock worth $17,183,000 after buying an additional 1,294,004 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in shares of ASE Technology during the first quarter worth $398,000. Citigroup Inc. increased its position in shares of ASE Technology by 29.4% during the first quarter. Citigroup Inc. now owns 1,132,002 shares of the semiconductor company’s stock worth $9,022,000 after purchasing an additional 257,494 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of ASE Technology by 128.8% during the first quarter. Guggenheim Capital LLC now owns 330,859 shares of the semiconductor company’s stock worth $2,637,000 after purchasing an additional 186,256 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of ASE Technology by 3.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 308,245 shares of the semiconductor company’s stock worth $2,457,000 after purchasing an additional 9,189 shares in the last quarter. Hedge funds and other institutional investors own 7.62% of the company’s stock.

ASE Technology Price Performance

NYSE ASX opened at $8.27 on Monday. 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’s fifty day moving average price is $7.88 and its 200 day moving average price is $7.68. ASE Technology Holding Co., Ltd. has a 1 year low of $4.45 and a 1 year high of $9.03. The company has a market cap of $18.06 billion, a price-to-earnings ratio of 11.81 and a beta of 1.21.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ASX shares. StockNews.com downgraded ASE Technology from a “buy” rating to a “hold” rating in a research report on Saturday. HSBC downgraded ASE Technology from a “buy” rating to a “hold” rating and set a $6.47 price target on the stock. in a research report on Wednesday, June 28th. Finally, The Goldman Sachs Group raised ASE Technology from a “neutral” rating to a “buy” rating and upped their target price for the company from $6.60 to $9.20 in a research report on Friday, July 28th.

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.