American Century Companies Inc. Increases Stock Holdings in ASE Technology Holding Co., Ltd. $ASX

American Century Companies Inc. increased its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 15.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,674,784 shares of the semiconductor company’s stock after purchasing an additional 494,569 shares during the quarter. American Century Companies Inc. owned 0.17% of ASE Technology worth $40,753,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASX. Xponance Inc. grew its holdings in ASE Technology by 9.7% in the 3rd quarter. Xponance Inc. now owns 18,213 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 1,611 shares during the period. West Family Investments Inc. boosted its stake in ASE Technology by 10.7% in the third quarter. West Family Investments Inc. now owns 52,758 shares of the semiconductor company’s stock valued at $585,000 after acquiring an additional 5,109 shares during the period. Compound Planning Inc. grew its holdings in ASE Technology by 17.1% in the 3rd quarter. Compound Planning Inc. now owns 37,327 shares of the semiconductor company’s stock worth $414,000 after buying an additional 5,439 shares in the last quarter. Legacy Financial Advisors Inc. bought a new stake in shares of ASE Technology during the 3rd quarter worth about $242,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of ASE Technology in the third quarter valued at approximately $121,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

ASX has been the topic of several research reports. Wall Street Zen cut ASE Technology from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research lowered shares of ASE Technology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

ASE Technology Stock Performance

Shares of ASE Technology stock opened at $21.13 on Friday. The company has a market capitalization of $46.87 billion, a PE ratio of 36.43, a PEG ratio of 0.91 and a beta of 1.42. ASE Technology Holding Co., Ltd. has a 12 month low of $6.94 and a 12 month high of $25.28. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $20.45 and its 200 day simple moving average is $15.61.

ASE Technology (NYSE:ASX) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.11 EPS for the quarter, missing the consensus estimate 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. On average, research analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

About ASE Technology

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.