Fisher Asset Management LLC Has $48.16 Million Position in ASE Technology Holding Co., Ltd. $ASX

Fisher Asset Management LLC lessened its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 51.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,662,068 shares of the semiconductor company’s stock after selling 4,909,546 shares during the period. Fisher Asset Management LLC owned about 0.21% of ASE Technology worth $48,159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ASX. Envestnet Asset Management Inc. raised its stake in ASE Technology by 4.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,437,846 shares of the semiconductor company’s stock valued at $25,183,000 after buying an additional 105,491 shares during the period. OLD Mission Capital LLC bought a new position in shares of ASE Technology during the 1st quarter worth approximately $583,000. American Century Companies Inc. increased its holdings 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 worth $32,852,000 after acquiring an additional 549,025 shares during the last quarter. Hantz Financial Services Inc. raised its stake in ASE Technology by 3,929.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 18,094 shares of the semiconductor company’s stock valued at $187,000 after acquiring an additional 17,645 shares during the period. Finally, Fortitude Advisory Group L.L.C. acquired a new stake in ASE Technology during the 2nd quarter valued at $258,000. 6.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on ASX. Wall Street Zen downgraded shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Nomura raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, October 8th. Finally, Nomura Securities upgraded ASE Technology to a “strong-buy” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

ASE Technology Stock Performance

Shares of NYSE:ASX opened at $15.28 on Wednesday. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $16.39. The company’s 50 day moving average price is $13.37 and its two-hundred day moving average price is $11.36. The firm has a market cap of $33.88 billion, a PE ratio of 30.55, a PEG ratio of 0.83 and a beta of 1.46. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.64.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. ASE Technology had a return on equity of 10.67% and a net margin of 5.61%. Equities research analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

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.