Moran Wealth Management LLC Has $5.26 Million Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Moran Wealth Management LLC lifted its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 49.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 522,239 shares of the semiconductor company’s stock after buying an additional 173,937 shares during the period. Moran Wealth Management LLC’s holdings in ASE Technology were worth $5,259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ASX. Oppenheimer Asset Management Inc. boosted its position in shares of ASE Technology by 3.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 562,892 shares of the semiconductor company’s stock worth $5,494,000 after buying an additional 18,095 shares during the period. Mizuho Securities Co. Ltd. bought a new stake in ASE Technology during the third quarter worth about $1,791,000. OneDigital Investment Advisors LLC raised its holdings in ASE Technology by 16.5% during the third quarter. OneDigital Investment Advisors LLC now owns 17,193 shares of the semiconductor company’s stock worth $168,000 after acquiring an additional 2,431 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in ASE Technology by 9.1% during the third quarter. Thrivent Financial for Lutherans now owns 132,583 shares of the semiconductor company’s stock worth $1,294,000 after acquiring an additional 11,063 shares in the last quarter. Finally, Caprock Group LLC raised its stake in ASE Technology by 5.9% in the third quarter. Caprock Group LLC now owns 91,688 shares of the semiconductor company’s stock valued at $895,000 after buying an additional 5,074 shares during the period. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Price Performance

NYSE:ASX opened at $9.57 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.19 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $10.40 and its two-hundred day moving average price is $10.07. The firm has a market capitalization of $21.11 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 0.47 and a beta of 1.21. ASE Technology Holding Co., Ltd. has a 12-month low of $8.10 and a 12-month high of $12.86.

ASE Technology (NYSE:ASX) last posted its earnings results on Thursday, February 13th. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. On average, analysts anticipate 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., 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.