Coldstream Capital Management Inc. Purchases 32,180 Shares of ASE Technology Holding Co., Ltd. $ASX

Coldstream Capital Management Inc. raised its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 203.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,009 shares of the semiconductor company’s stock after purchasing an additional 32,180 shares during the quarter. Coldstream Capital Management Inc.’s holdings in ASE Technology were worth $496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC boosted its holdings in shares of ASE Technology by 35.0% in the first quarter. Acadian Asset Management LLC now owns 10,973,038 shares of the semiconductor company’s stock worth $96,110,000 after buying an additional 2,842,631 shares during the last quarter. Goldman Sachs Group Inc. raised its position in ASE Technology by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock worth $50,591,000 after acquiring an additional 780,651 shares during the period. Millennium Management LLC boosted its stake in shares of ASE Technology by 111.1% during the 1st quarter. Millennium Management LLC now owns 3,836,018 shares of the semiconductor company’s stock worth $33,604,000 after acquiring an additional 2,018,815 shares during the last quarter. American Century Companies Inc. grew its position in shares of ASE Technology by 20.9% during the 2nd quarter. American Century Companies Inc. now owns 3,180,215 shares of the semiconductor company’s stock valued at $32,852,000 after acquiring an additional 549,025 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of ASE Technology by 4.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,437,846 shares of the semiconductor company’s stock valued at $25,183,000 after acquiring an additional 105,491 shares during the period. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

NYSE:ASX opened at $14.44 on Friday. The stock has a 50-day moving average price of $13.17 and a 200 day moving average price of $11.24. The stock has a market capitalization of $32.02 billion, a P/E ratio of 30.71, a P/E/G ratio of 0.81 and a beta of 1.45. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $16.39. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. ASE Technology had a return on equity of 10.33% and a net margin of 5.48%. Equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Nomura Securities upgraded ASE Technology to a “strong-buy” rating in a research report on Thursday, October 30th. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Nomura upgraded ASE Technology from a “neutral” rating to a “buy” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

ASE Technology Company 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.