Envestnet Asset Management Inc. Raises Stock Position in ASE Technology Holding Co., Ltd. $ASX

Envestnet Asset Management Inc. lifted its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,464,356 shares of the semiconductor company’s stock after acquiring an additional 26,510 shares during the quarter. Envestnet Asset Management Inc. owned 0.11% of ASE Technology worth $27,330,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ASX. WealthCollab LLC boosted its position in ASE Technology by 55.2% during the second quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 1,726 shares in the last quarter. MAI Capital Management boosted its position in shares of ASE Technology by 2,409.6% in the 2nd quarter. MAI Capital Management now owns 4,969 shares of the semiconductor company’s stock worth $51,000 after buying an additional 4,771 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in ASE Technology by 537.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 4,155 shares during the last quarter. Headlands Technologies LLC increased its holdings in ASE Technology by 549.8% during the 2nd quarter. Headlands Technologies LLC now owns 5,153 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 4,360 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in ASE Technology by 76.7% during the third quarter. Farther Finance Advisors LLC now owns 4,852 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 2,106 shares during the last quarter. 6.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ASX shares. Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. Zacks Research lowered ASE Technology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Nomura upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a report on Thursday, October 30th. One research 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. Based on data from MarketBeat, the company has an average rating of “Hold”.

ASE Technology Stock Performance

ASE Technology stock opened at $23.47 on Friday. The firm has a market capitalization of $52.05 billion, a PE ratio of 40.46, a price-to-earnings-growth ratio of 0.98 and a beta of 1.48. The stock’s 50 day moving average price is $17.95 and its 200 day moving average price is $14.12. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.28. ASE Technology Holding Co., Ltd. has a one year low of $6.94 and a one year high of $24.33.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). ASE Technology had a return on equity of 12.00% and a net margin of 6.31%.The firm had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.47 billion. As a group, sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS 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.