Assetmark Inc. Has $385,000 Stock Position in ASE Technology Holding Co., Ltd. $ASX

Assetmark Inc. raised its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 538.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,926 shares of the semiconductor company’s stock after purchasing an additional 20,180 shares during the quarter. Assetmark Inc.’s holdings in ASE Technology were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Frank Rimerman Advisors LLC boosted its holdings in ASE Technology by 1.8% during the third quarter. Frank Rimerman Advisors LLC now owns 36,780 shares of the semiconductor company’s stock valued at $408,000 after purchasing an additional 650 shares in the last quarter. Mariner LLC boosted its holdings in shares of ASE Technology by 0.4% in the 3rd quarter. Mariner LLC now owns 211,006 shares of the semiconductor company’s stock worth $2,340,000 after acquiring an additional 748 shares in the last quarter. GeoWealth Management LLC boosted its holdings in shares of ASE Technology by 5.8% in the 3rd quarter. GeoWealth Management LLC now owns 13,747 shares of the semiconductor company’s stock worth $152,000 after acquiring an additional 750 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of ASE Technology by 16.1% in the 3rd quarter. Global Retirement Partners LLC now owns 5,921 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 823 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of ASE Technology by 5.0% in the 3rd quarter. CWM LLC now owns 17,578 shares of the semiconductor company’s stock worth $195,000 after acquiring an additional 838 shares in the last quarter. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Stock Performance

ASX stock opened at $29.84 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.26 and a quick ratio of 1.00. The company has a 50 day moving average price of $23.64 and a 200 day moving average price of $18.67. ASE Technology Holding Co., Ltd. has a fifty-two week low of $8.30 and a fifty-two week high of $30.31. The stock has a market capitalization of $66.34 billion, a PE ratio of 51.44, a price-to-earnings-growth ratio of 1.24 and a beta of 1.46.

ASE Technology (NYSE:ASX) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. ASE Technology had a net margin of 6.31% and a return on equity of 12.06%. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Analysts forecast that ASE Technology Holding Co., Ltd. will post 0.77 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on ASX. Zacks Research raised ASE Technology from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, January 21st. Finally, Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

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.