Bank Pictet & Cie Europe AG Has $1.35 Million Stock Holdings in ASE Technology Holding Co., Ltd. $ASX

Bank Pictet & Cie Europe AG reduced its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,849 shares of the semiconductor company’s stock after selling 2,668 shares during the period. Bank Pictet & Cie Europe AG’s holdings in ASE Technology were worth $1,352,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC boosted its holdings in shares of ASE Technology by 35.0% during the 1st quarter. Acadian Asset Management LLC now owns 10,973,038 shares of the semiconductor company’s stock worth $96,110,000 after buying an additional 2,842,631 shares during the period. Millennium Management LLC boosted its holdings in shares of ASE Technology by 111.1% during the first quarter. Millennium Management LLC now owns 3,836,018 shares of the semiconductor company’s stock worth $33,604,000 after acquiring an additional 2,018,815 shares during the period. Jane Street Group LLC grew its position in shares of ASE Technology by 218.9% in the first quarter. Jane Street Group LLC now owns 1,452,919 shares of the semiconductor company’s stock valued at $12,728,000 after purchasing an additional 997,259 shares during the last quarter. TT International Asset Management LTD increased its stake in shares of ASE Technology by 19,539.4% during the second quarter. TT International Asset Management LTD now owns 883,968 shares of the semiconductor company’s stock worth $9,131,000 after purchasing an additional 879,467 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in ASE Technology by 15.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock worth $50,591,000 after purchasing an additional 780,651 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Stock Performance

Shares of NYSE ASX opened at $11.46 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.79. The firm has a market cap of $25.29 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 0.65 and a beta of 1.34. The stock’s fifty day moving average price is $10.45 and its two-hundred day moving average price is $9.81. ASE Technology Holding Co., Ltd. has a one year low of $6.94 and a one year high of $11.84.

ASE Technology (NYSE:ASX) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $150.44 billion. On average, equities analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS 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.