Creative Planning Has $7.53 Million Stock Holdings in ASE Technology Holding Co., Ltd. $ASX

Creative Planning increased its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 96.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 729,104 shares of the semiconductor company’s stock after buying an additional 358,226 shares during the period. Creative Planning’s holdings in ASE Technology were worth $7,532,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ASX. Bank of New York Mellon Corp boosted its holdings in shares of ASE Technology by 8.3% during the first quarter. Bank of New York Mellon Corp now owns 150,429 shares of the semiconductor company’s stock worth $1,318,000 after acquiring an additional 11,520 shares during the period. Wealth Alliance LLC boosted its stake in ASE Technology by 12.1% in the 1st quarter. Wealth Alliance LLC now owns 27,395 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 2,954 shares during the period. Choreo LLC boosted its stake in ASE Technology by 10.7% in the 1st quarter. Choreo LLC now owns 11,520 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 1,113 shares during the period. Journey Strategic Wealth LLC acquired a new position in ASE Technology in the 1st quarter valued at $100,000. Finally, Cetera Investment Advisers increased its position in ASE Technology by 7.3% during the 1st quarter. Cetera Investment Advisers now owns 29,578 shares of the semiconductor company’s stock worth $259,000 after buying an additional 2,020 shares during the period. 6.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Nomura raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a research report on Thursday, October 30th. Nomura Securities raised shares of ASE Technology to a “strong-buy” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, ASE Technology has an average rating of “Buy”.

ASE Technology Trading Down 0.7%

Shares of ASE Technology stock opened at $14.07 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $16.39. The company has a market capitalization of $31.05 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 0.81 and a beta of 1.45. The firm’s 50-day moving average price is $12.82 and its two-hundred day moving average price is $11.04.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $162.64 billion. ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. On average, analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal 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.