Fisher Asset Management LLC Sells 85,281 Shares of ASE Technology Holding Co., Ltd. $ASX

Fisher Asset Management LLC lessened its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,641,965 shares of the semiconductor company’s stock after selling 85,281 shares during the period. Fisher Asset Management LLC’s holdings in ASE Technology were worth $74,736,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in ASE Technology by 16.9% in the 1st quarter. Jones Financial Companies Lllp now owns 13,425 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 1,943 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of 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 buying an additional 780,651 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of ASE Technology by 16.3% in the 2nd quarter. Geode Capital Management LLC now owns 13,576 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 1,901 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of ASE Technology by 261.9% in the 2nd quarter. Legal & General Group Plc now owns 15,647 shares of the semiconductor company’s stock valued at $162,000 after acquiring an additional 11,324 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of ASE Technology by 537.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 4,155 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Trading Up 0.2%

ASE Technology stock opened at $34.87 on Tuesday. The stock has a 50-day simple moving average of $27.64 and a 200 day simple moving average of $21.58. The stock has a market capitalization of $77.52 billion, a P/E ratio of 51.27, a PEG ratio of 0.70 and a beta of 1.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.15. ASE Technology Holding Co., Ltd. has a 52 week low of $9.23 and a 52 week high of $35.71.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%.The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.32 billion. Analysts expect that ASE Technology Holding Co., Ltd. will post 1.05 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Zacks Research upgraded ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

ASE Technology 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.