ASE Technology Holding Co., Ltd. $ASX Holdings Raised by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 273.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,754 shares of the semiconductor company’s stock after acquiring an additional 29,831 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in ASE Technology were worth $656,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ASX. Jones Financial Companies Lllp increased its stake in ASE Technology by 16.9% during the first quarter. Jones Financial Companies Lllp now owns 13,425 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 1,943 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of ASE Technology by 15.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock worth $50,591,000 after buying an additional 780,651 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of ASE Technology by 16.3% in the 2nd quarter. Geode Capital Management LLC now owns 13,576 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 1,901 shares during the period. Legal & General Group Plc boosted its holdings in shares of ASE Technology by 261.9% in the 2nd quarter. Legal & General Group Plc now owns 15,647 shares of the semiconductor company’s stock valued at $162,000 after buying an additional 11,324 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of ASE Technology by 1,472.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 165,210 shares of the semiconductor company’s stock valued at $1,747,000 after buying an additional 154,704 shares during the last quarter. 6.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ASX shares. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings restated a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. Finally, Zacks Research lowered ASE Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, ASE Technology has an average rating of “Hold”.

ASE Technology Stock Performance

ASX stock opened at $22.27 on Friday. ASE Technology Holding Co., Ltd. has a 1 year low of $6.94 and a 1 year high of $25.28. The stock has a market capitalization of $49.39 billion, a price-to-earnings ratio of 38.39, a PEG ratio of 0.92 and a beta of 1.46. 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 stock’s fifty day moving average is $21.96 and its two-hundred day moving average is $17.22.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.21 EPS 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 12.00%. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.47 billion. On average, research analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current 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.