Caprock Group LLC Purchases Shares of 82,285 ASE Technology Holding Co., Ltd. $ASX

Caprock Group LLC acquired a new position in ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 82,285 shares of the semiconductor company’s stock, valued at approximately $913,000.

A number of other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in ASE Technology by 1,704.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock worth $30,000 after buying an additional 2,506 shares during the period. WealthCollab LLC boosted its holdings in shares of ASE Technology by 55.2% in the 2nd quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,726 shares during the last quarter. MAI Capital Management increased its stake in shares of ASE Technology by 2,409.6% in the second quarter. MAI Capital Management now owns 4,969 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 4,771 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of ASE Technology by 537.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 4,155 shares during the last quarter. Finally, Headlands Technologies LLC lifted its position in ASE Technology by 549.8% during the second quarter. Headlands Technologies LLC now owns 5,153 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 4,360 shares during the period. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research cut ASE Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, January 21st. Finally, Nomura upgraded ASE Technology from a “neutral” rating to a “buy” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

ASE Technology Stock Performance

Shares of ASX stock opened at $23.40 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $24.33. The business’s 50 day moving average is $18.11 and its two-hundred day moving average is $14.26. The company has a market capitalization of $51.89 billion, a P/E ratio of 40.34, a P/E/G ratio of 0.97 and a beta of 1.48.

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 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 business had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

ASE Technology 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.