Sequoia Financial Advisors LLC Reduces Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Sequoia Financial Advisors LLC lessened its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,610 shares of the semiconductor company’s stock after selling 2,803 shares during the period. Sequoia Financial Advisors LLC’s holdings in ASE Technology were worth $937,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of ASE Technology by 8.0% during the 3rd quarter. American Century Companies Inc. now owns 1,518,089 shares of the semiconductor company’s stock valued at $11,416,000 after buying an additional 112,814 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of ASE Technology by 37.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,966,914 shares of the semiconductor company’s stock valued at $22,311,000 after buying an additional 801,771 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of ASE Technology during the 3rd quarter valued at $395,000. Graham Capital Management L.P. purchased a new stake in ASE Technology during the 3rd quarter worth about $1,677,000. Finally, Barclays PLC lifted its holdings in ASE Technology by 215.4% during the 2nd quarter. Barclays PLC now owns 1,879,638 shares of the semiconductor company’s stock worth $14,642,000 after purchasing an additional 1,283,718 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

Shares of ASX opened at $10.85 on Monday. The stock’s 50-day simple moving average is $10.42 and its 200 day simple moving average is $9.17. The stock has a market capitalization of $23.69 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 1.16. ASE Technology Holding Co., Ltd. has a 52-week low of $6.70 and a 52-week high of $11.68.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $5.05 billion for the quarter. ASE Technology had a return on equity of 10.29% and a net margin of 5.44%. During the same period last year, the company posted $0.23 EPS. Research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.67 EPS for the current fiscal year.

ASE Technology 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; 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.