Bank Pictet & Cie Europe AG Buys 39,592 Shares of ASE Technology Holding Co., Ltd. $ASX

Bank Pictet & Cie Europe AG boosted its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 31.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,464 shares of the semiconductor company’s stock after buying an additional 39,592 shares during the period. Bank Pictet & Cie Europe AG’s holdings in ASE Technology were worth $2,664,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Ninety One North America Inc. increased its stake in ASE Technology by 82.3% during the 3rd quarter. Ninety One North America Inc. now owns 496,795 shares of the semiconductor company’s stock valued at $5,509,000 after purchasing an additional 224,267 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of ASE Technology by 15.6% in the third quarter. American Century Companies Inc. now owns 3,674,784 shares of the semiconductor company’s stock valued at $40,753,000 after buying an additional 494,569 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ASE Technology by 55.6% during the third quarter. JPMorgan Chase & Co. now owns 2,958,901 shares of the semiconductor company’s stock valued at $32,814,000 after buying an additional 1,057,046 shares during the last quarter. Cullen Capital Management LLC increased its position in shares of ASE Technology by 24.1% during the second quarter. Cullen Capital Management LLC now owns 5,580,176 shares of the semiconductor company’s stock worth $57,643,000 after acquiring an additional 1,082,941 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of ASE Technology during the second quarter worth about $1,184,000. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Trading Up 3.6%

NYSE:ASX opened at $22.47 on Thursday. ASE Technology Holding Co., Ltd. has a 52 week low of $6.94 and a 52 week high of $25.28. The firm has a 50-day moving average price of $21.84 and a two-hundred day moving average price of $17.07. 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 firm has a market cap of $49.84 billion, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 0.90 and a beta of 1.46.

ASE Technology (NYSE:ASX) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. ASE Technology had a return on equity of 12.00% and a net margin of 6.31%.The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.47 billion. On average, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a research report on Wednesday, January 21st. Wall Street Zen lowered ASE Technology from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Zacks Research downgraded ASE Technology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

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.