Merit Financial Group LLC Grows Stock Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Merit Financial Group LLC lifted its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 146.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,098 shares of the semiconductor company’s stock after purchasing an additional 17,286 shares during the quarter. Merit Financial Group LLC’s holdings in ASE Technology were worth $255,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Parallel Advisors LLC raised its stake in shares of ASE Technology by 65.4% during the first quarter. Parallel Advisors LLC now owns 24,439 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 9,665 shares during the last quarter. GAMMA Investing LLC raised its position in ASE Technology by 1,604.4% in the first quarter. GAMMA Investing LLC now owns 162,279 shares of the semiconductor company’s stock worth $14,220,000 after acquiring an additional 152,758 shares in the last quarter. Confluence Investment Management LLC purchased a new position in ASE Technology in the first quarter worth $169,000. Wealth Enhancement Advisory Services LLC raised its position in ASE Technology by 28.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,699 shares of the semiconductor company’s stock worth $158,000 after acquiring an additional 3,477 shares in the last quarter. Finally, GTS Securities LLC raised its position in ASE Technology by 251.6% in the fourth quarter. GTS Securities LLC now owns 79,596 shares of the semiconductor company’s stock worth $802,000 after acquiring an additional 56,960 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Trading Up 0.4%

NYSE:ASX opened at $10.23 on Friday. The stock has a fifty day moving average price of $9.12 and a two-hundred day moving average price of $9.73. The stock has a market capitalization of $22.58 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 0.47 and a beta of 1.23. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 1.19. ASE Technology Holding Co., Ltd. has a 1 year low of $6.94 and a 1 year high of $12.86.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $143.62 billion. ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. As a group, sell-side analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share 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.