Y Intercept Hong Kong Ltd Buys Shares of 778,353 ASE Technology Holding Co., Ltd. $ASX

Y Intercept Hong Kong Ltd bought a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the second quarter, Holdings Channel reports. The fund bought 778,353 shares of the semiconductor company’s stock, valued at approximately $8,040,000.

A number of other hedge funds have also made changes to their positions in ASX. GAMMA Investing LLC raised its holdings in shares of ASE Technology by 94.6% during the first quarter. GAMMA Investing LLC now owns 18,525 shares of the semiconductor company’s stock valued at $162,000 after acquiring an additional 9,004 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of ASE Technology by 11.8% during the first quarter. Janney Montgomery Scott LLC now owns 31,450 shares of the semiconductor company’s stock valued at $276,000 after acquiring an additional 3,319 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of ASE Technology by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,590 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 1,795 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of ASE Technology by 4.9% during the first quarter. Sequoia Financial Advisors LLC now owns 101,583 shares of the semiconductor company’s stock valued at $890,000 after acquiring an additional 4,737 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of ASE Technology by 55.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 177,024 shares of the semiconductor company’s stock valued at $1,591,000 after acquiring an additional 63,011 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of ASE Technology in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

ASE Technology Trading Up 2.0%

Shares of ASE Technology stock opened at $13.24 on Tuesday. The firm has a market capitalization of $29.22 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 0.73 and a beta of 1.37. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $13.30. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 1.02. The stock has a 50 day moving average of $11.22 and a 200 day moving average of $10.27.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $150.44 billion. ASE Technology had a return on equity of 10.33% and a net margin of 5.48%. As a group, research analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

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.