ASE Technology (NYSE:ASX) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of ASE Technology (NYSE:ASXFree Report) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

ASE Technology Price Performance

Shares of NYSE:ASX opened at $10.73 on Tuesday. ASE Technology has a one year low of $7.20 and a one year high of $11.68. The stock has a fifty day moving average of $10.69 and a 200-day moving average of $9.88. The company has a market capitalization of $23.52 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 0.61 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.92 and a current ratio of 1.19.

ASE Technology (NYSE:ASXGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). ASE Technology had a net margin of 5.41% and a return on equity of 10.09%. The company had revenue of $4.24 billion for the quarter. During the same period in the previous year, the business earned $0.09 EPS. As a group, equities analysts anticipate that ASE Technology will post 0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On ASE Technology

A number of institutional investors and hedge funds have recently modified their holdings of ASX. Principal Securities Inc. purchased a new stake in shares of ASE Technology in the fourth quarter valued at $41,000. GAMMA Investing LLC purchased a new stake in shares of ASE Technology in the fourth quarter valued at $52,000. Pathstone Family Office LLC purchased a new stake in shares of ASE Technology in the third quarter valued at $93,000. BetterWealth LLC purchased a new stake in shares of ASE Technology in the fourth quarter valued at $94,000. Finally, Capital Management Associates Inc purchased a new stake in shares of ASE Technology in the fourth quarter valued at $94,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for ASE Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASE Technology and related companies with MarketBeat.com's FREE daily email newsletter.