Ritholtz Wealth Management Has $1.13 Million Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Ritholtz Wealth Management lessened its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 28.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,618 shares of the semiconductor company’s stock after selling 51,674 shares during the period. Ritholtz Wealth Management’s holdings in ASE Technology were worth $1,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Savant Capital LLC lifted its holdings in shares of ASE Technology by 23.5% during the 4th quarter. Savant Capital LLC now owns 20,775 shares of the semiconductor company’s stock worth $209,000 after acquiring an additional 3,952 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of ASE Technology by 3.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 114,013 shares of the semiconductor company’s stock worth $1,143,000 after acquiring an additional 4,200 shares during the period. Rhumbline Advisers lifted its stake in ASE Technology by 9.3% in the 4th quarter. Rhumbline Advisers now owns 805,764 shares of the semiconductor company’s stock valued at $8,114,000 after purchasing an additional 68,654 shares during the last quarter. Allworth Financial LP lifted its stake in ASE Technology by 42.5% in the 4th quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 1,104 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in ASE Technology by 61.0% in the 4th quarter. Truist Financial Corp now owns 39,544 shares of the semiconductor company’s stock valued at $398,000 after purchasing an additional 14,989 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Price Performance

Shares of NYSE:ASX opened at $10.33 on Wednesday. The company has a market cap of $22.79 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 0.55 and a beta of 1.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $9.28 and a 200 day simple moving average of $9.75. ASE Technology Holding Co., Ltd. has a one year low of $6.94 and a one year high of $12.86.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results 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). ASE Technology had a net margin of 5.62% and a return on equity of 10.35%. The business had revenue of $4.59 billion during the quarter, compared to analyst estimates of $143.62 billion. Research analysts predict 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.