Ninety One North America Inc. Has $7.64 Million Holdings in ASE Technology Holding Co., Ltd. $ASX

Ninety One North America Inc. cut its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 474,381 shares of the semiconductor company’s stock after selling 22,414 shares during the quarter. Ninety One North America Inc.’s holdings in ASE Technology were worth $7,638,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Merit Financial Group LLC boosted its stake in ASE Technology by 10.4% in the fourth quarter. Merit Financial Group LLC now owns 47,388 shares of the semiconductor company’s stock valued at $763,000 after buying an additional 4,455 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in ASE Technology by 85.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 271,407 shares of the semiconductor company’s stock valued at $4,370,000 after buying an additional 124,662 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in ASE Technology by 128.0% in the fourth quarter. Farther Finance Advisors LLC now owns 11,061 shares of the semiconductor company’s stock valued at $178,000 after buying an additional 6,209 shares in the last quarter. Bridgewater Advisors Inc. boosted its stake in ASE Technology by 4.0% in the fourth quarter. Bridgewater Advisors Inc. now owns 30,810 shares of the semiconductor company’s stock valued at $496,000 after buying an additional 1,198 shares in the last quarter. Finally, Lester Murray Antman dba SimplyRich acquired a new stake in ASE Technology in the fourth quarter valued at about $285,000. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Price Performance

Shares of ASX opened at $28.58 on Friday. The company has a market capitalization of $63.39 billion, a price-to-earnings ratio of 49.27, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46. The business has a 50-day moving average of $23.11 and a 200-day moving average of $18.16. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.26 and a quick ratio of 1.00. ASE Technology Holding Co., Ltd. has a 1 year low of $7.86 and a 1 year high of $28.71.

ASE Technology (NYSE:ASX) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.47 billion. ASE Technology had a net margin of 6.31% and a return on equity of 12.06%. As a group, equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded ASE Technology from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

About ASE Technology

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.