Delphi Management Inc. MA Sells 33,024 Shares of ASE Technology Holding Co., Ltd. $ASX

Delphi Management Inc. MA lowered its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 25.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,529 shares of the semiconductor company’s stock after selling 33,024 shares during the period. ASE Technology accounts for 1.5% of Delphi Management Inc. MA’s portfolio, making the stock its 11th largest holding. Delphi Management Inc. MA’s holdings in ASE Technology were worth $1,586,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of ASE Technology by 9.6% in the third quarter. Bank of America Corp DE now owns 9,661,484 shares of the semiconductor company’s stock valued at $107,146,000 after acquiring an additional 846,300 shares during the last quarter. Rafferty Asset Management LLC raised its stake in shares of ASE Technology by 50.9% in the second quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock valued at $76,361,000 after acquiring an additional 2,491,918 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of ASE Technology by 38.4% in the third quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock valued at $80,787,000 after acquiring an additional 2,012,970 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of ASE Technology by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock valued at $50,591,000 after acquiring an additional 780,651 shares during the last quarter. Finally, Cullen Capital Management LLC raised its stake in shares of ASE Technology by 0.7% in the third quarter. Cullen Capital Management LLC now owns 5,618,822 shares of the semiconductor company’s stock valued at $62,313,000 after acquiring an additional 38,646 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ASX. Weiss Ratings reiterated a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. Zacks Research cut shares of ASE Technology from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday. One equities research 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. According to MarketBeat.com, ASE Technology presently has a consensus rating of “Hold”.

ASE Technology Stock Up 1.3%

NYSE:ASX opened at $22.56 on Tuesday. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $25.28. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $50.04 billion, a P/E ratio of 38.89, a P/E/G ratio of 0.92 and a beta of 1.46. The stock’s fifty day simple moving average is $22.02 and its 200-day simple moving average is $17.34.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.47 billion. Equities research analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current 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.