ASE Technology Holding Co., Ltd. (NYSE:ASX) Short Interest Update

ASE Technology Holding Co., Ltd. (NYSE:ASX) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 4,127,656 shares, a drop of 19.8% from the February 26th total of 5,143,852 shares. Based on an average daily trading volume, of 8,086,608 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

ASE Technology Stock Performance

ASX stock traded up $0.78 during trading on Tuesday, reaching $21.67. The stock had a trading volume of 8,879,548 shares, compared to its average volume of 7,419,287. The firm has a market cap of $48.06 billion, a PE ratio of 37.36, a PEG ratio of 0.87 and a beta of 1.42. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average is $21.77 and its two-hundred day moving average is $17.03. ASE Technology has a 52 week low of $6.94 and a 52 week high of $25.28.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. ASE Technology had a return on equity of 12.00% and a net margin of 6.31%.The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.47 billion. As a group, equities analysts anticipate that ASE Technology will post 0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ASX. Weiss Ratings restated a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. Wall Street Zen cut shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research cut shares of ASE Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake in shares of ASE Technology by 1.9% in the 4th quarter. Parallel Advisors LLC now owns 25,975 shares of the semiconductor company’s stock worth $418,000 after purchasing an additional 482 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in ASE Technology by 5.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,223 shares of the semiconductor company’s stock valued at $181,000 after purchasing an additional 589 shares in the last quarter. Vest Financial LLC grew its holdings in ASE Technology by 5.2% during the fourth quarter. Vest Financial LLC now owns 12,954 shares of the semiconductor company’s stock valued at $209,000 after purchasing an additional 637 shares during the period. PNC Financial Services Group Inc. increased its position in ASE Technology by 0.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 120,598 shares of the semiconductor company’s stock worth $1,942,000 after buying an additional 643 shares in the last quarter. Finally, Frank Rimerman Advisors LLC increased its position in ASE Technology by 1.8% in the third quarter. Frank Rimerman Advisors LLC now owns 36,780 shares of the semiconductor company’s stock worth $408,000 after buying an additional 650 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.