Raymond James & Associates Boosts Stock Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Raymond James & Associates raised its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,627 shares of the semiconductor company’s stock after acquiring an additional 3,675 shares during the period. Raymond James & Associates’ holdings in ASE Technology were worth $589,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ASX. UBS Group AG raised its stake in shares of ASE Technology by 16.4% during the 3rd quarter. UBS Group AG now owns 11,456,224 shares of the semiconductor company’s stock worth $86,151,000 after buying an additional 1,612,295 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of ASE Technology by 16.5% during the 3rd quarter. Acadian Asset Management LLC now owns 6,549,328 shares of the semiconductor company’s stock worth $49,238,000 after buying an additional 927,795 shares in the last quarter. Envestnet Asset Management Inc. raised its stake 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 worth $22,311,000 after buying an additional 801,771 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of ASE Technology by 65.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,754,966 shares of the semiconductor company’s stock worth $13,197,000 after acquiring an additional 694,048 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in shares of ASE Technology by 287.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 830,349 shares of the semiconductor company’s stock worth $6,244,000 after acquiring an additional 616,250 shares during the period. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Stock Performance

ASX opened at $10.15 on Friday. The stock has a market cap of $22.25 billion, a P/E ratio of 21.60, a P/E/G ratio of 0.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $10.59 and its 200 day simple moving average is $9.32. ASE Technology Holding Co., Ltd. has a 1-year low of $6.70 and a 1-year high of $11.68.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.13 earnings per share 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 quarter in the prior year, the company earned $0.23 EPS. As a group, equities analysts anticipate 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.