Aberdeen Group plc Takes $237,000 Position in ASE Technology Holding Co., Ltd. $ASX

Aberdeen Group plc acquired a new position in ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 21,491 shares of the semiconductor company’s stock, valued at approximately $237,000.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in ASE Technology by 16.9% in the 1st quarter. Jones Financial Companies Lllp now owns 13,425 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 1,943 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of ASE Technology by 15.6% during 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 last quarter. Rehmann Capital Advisory Group lifted its stake in shares of ASE Technology by 9.6% during the second quarter. Rehmann Capital Advisory Group now owns 11,128 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 973 shares during the period. Freedom Investment Management Inc. boosted its holdings in ASE Technology by 3.4% in the second quarter. Freedom Investment Management Inc. now owns 40,219 shares of the semiconductor company’s stock valued at $415,000 after acquiring an additional 1,312 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in ASE Technology by 60.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 648,743 shares of the semiconductor company’s stock valued at $6,702,000 after acquiring an additional 244,611 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Zacks Research downgraded shares of ASE Technology from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. Nomura upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a report on Thursday, October 30th. Finally, Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

ASE Technology Price Performance

NYSE ASX opened at $23.96 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.28. The stock has a market cap of $53.15 billion, a price-to-earnings ratio of 41.31, a PEG ratio of 0.99 and a beta of 1.48. The business has a 50 day simple moving average of $18.85 and a 200 day simple moving average of $14.74. ASE Technology Holding Co., Ltd. has a 52-week low of $6.94 and a 52-week high of $24.33.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). ASE Technology had a net margin of 6.31% and a return on equity of 12.00%. The company had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.47 billion. Analysts anticipate 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. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.