Bridgewater Advisors Inc. Buys 2,657 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Bridgewater Advisors Inc. boosted its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,308 shares of the semiconductor company’s stock after acquiring an additional 2,657 shares during the period. Bridgewater Advisors Inc.’s holdings in ASE Technology were worth $257,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its stake in ASE Technology by 36.0% during the second quarter. Federated Hermes Inc. now owns 88,498 shares of the semiconductor company’s stock worth $1,011,000 after buying an additional 23,403 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of ASE Technology by 1,265.9% during the 2nd quarter. Hsbc Holdings PLC now owns 262,314 shares of the semiconductor company’s stock valued at $3,005,000 after acquiring an additional 243,110 shares in the last quarter. Profund Advisors LLC boosted its position in shares of ASE Technology by 5.5% during the 2nd quarter. Profund Advisors LLC now owns 79,972 shares of the semiconductor company’s stock valued at $913,000 after acquiring an additional 4,200 shares in the last quarter. Mount Yale Investment Advisors LLC increased its stake in ASE Technology by 46.4% in the second quarter. Mount Yale Investment Advisors LLC now owns 51,704 shares of the semiconductor company’s stock valued at $590,000 after acquiring an additional 16,393 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in ASE Technology by 13.7% in the second quarter. EverSource Wealth Advisors LLC now owns 17,295 shares of the semiconductor company’s stock worth $198,000 after purchasing an additional 2,083 shares in the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Trading Up 0.1 %

ASX stock opened at $10.53 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89. The stock has a market capitalization of $23.10 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 0.44 and a beta of 1.19. The business has a fifty day moving average price of $10.07 and a 200 day moving average price of $10.08. ASE Technology Holding Co., Ltd. has a fifty-two week low of $8.10 and a fifty-two week high of $12.86.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. The business had revenue of $4.96 billion during the quarter. During the same period last year, the company earned $0.13 earnings per share. Analysts expect that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th.

About ASE Technology

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.