Cullen Capital Management LLC Purchases 1,082,941 Shares of ASE Technology Holding Co., Ltd. $ASX

Cullen Capital Management LLC grew its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 24.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,580,176 shares of the semiconductor company’s stock after buying an additional 1,082,941 shares during the period. Cullen Capital Management LLC owned approximately 0.25% of ASE Technology worth $57,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ASX. Cetera Investment Advisers raised its stake in ASE Technology by 7.3% in the 1st quarter. Cetera Investment Advisers now owns 29,578 shares of the semiconductor company’s stock worth $259,000 after purchasing an additional 2,020 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of ASE Technology by 14.9% during the 1st quarter. Russell Investments Group Ltd. now owns 10,506 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 1,365 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its position in shares of ASE Technology by 151.5% in the first quarter. Vestmark Advisory Solutions Inc. now owns 36,594 shares of the semiconductor company’s stock valued at $321,000 after buying an additional 22,042 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of ASE Technology in the first quarter valued at approximately $370,000. Finally, Ethic Inc. grew its position in ASE Technology by 1.1% during the first quarter. Ethic Inc. now owns 358,093 shares of the semiconductor company’s stock worth $3,219,000 after buying an additional 3,740 shares in the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, October 8th. Wall Street Zen cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Nomura Securities raised shares of ASE Technology to a “strong-buy” rating in a report on Thursday, October 30th. Finally, Nomura raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

ASE Technology Stock Performance

ASE Technology stock opened at $15.72 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.64. The stock has a market cap of $34.86 billion, a PE ratio of 31.43, a P/E/G ratio of 0.92 and a beta of 1.46. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $16.51. The business’s 50-day moving average price is $14.10 and its two-hundred day moving average price is $11.69.

ASE Technology (NYSE:ASX) last posted its 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 net margin of 5.61% and a return on equity of 10.67%. As a group, analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal 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.