ASE Technology Holding Co., Ltd. (NYSE:ASX) Holdings Trimmed by Atria Investments Inc

Atria Investments Inc lowered its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 15.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,256 shares of the semiconductor company’s stock after selling 15,941 shares during the period. Atria Investments Inc’s holdings in ASE Technology were worth $861,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. grew its position in ASE Technology by 1,796.7% during the first quarter. Russell Investments Group Ltd. now owns 221,531 shares of the semiconductor company’s stock valued at $2,437,000 after purchasing an additional 209,851 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of ASE Technology during the 2nd quarter valued at $1,901,000. O Shaughnessy Asset Management LLC increased its stake in shares of ASE Technology by 35.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 524,243 shares of the semiconductor company’s stock worth $5,761,000 after acquiring an additional 137,164 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of ASE Technology by 12.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 544,797 shares of the semiconductor company’s stock worth $6,222,000 after acquiring an additional 61,992 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in ASE Technology by 585.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 109,813 shares of the semiconductor company’s stock valued at $1,072,000 after purchasing an additional 93,790 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Price Performance

NYSE ASX opened at $9.78 on Tuesday. The firm has a market cap of $21.47 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 0.67 and a beta of 1.22. The stock’s 50-day moving average is $9.91 and its two-hundred day moving average is $10.36. ASE Technology Holding Co., Ltd. has a fifty-two week low of $8.10 and a fifty-two week high of $12.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The company had revenue of $4.96 billion during the quarter. ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. During the same quarter last year, the firm earned $0.13 earnings per share. On average, analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ASX shares. UBS Group raised ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley raised shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th. Finally, StockNews.com downgraded shares of ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 20th.

About ASE Technology

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.