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

ASE Technology Holding Co., Ltd. (NYSE:ASX) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 16,115,984 shares, a growth of 99.5% from the April 30th total of 8,078,645 shares. Based on an average daily volume of 7,898,828 shares, the short-interest ratio is presently 2.0 days. Approximately 0.9% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

ASX has been the subject of a number of analyst reports. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

ASE Technology Trading Down 0.6%

ASX stock traded down $0.22 on Monday, hitting $38.13. 6,600,588 shares of the company were exchanged, compared to its average volume of 8,018,058. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89. The stock has a market capitalization of $84.78 billion, a price-to-earnings ratio of 56.07, a price-to-earnings-growth ratio of 0.77 and a beta of 1.72. ASE Technology has a twelve month low of $9.26 and a twelve month high of $41.10. The business’s fifty day moving average is $29.38 and its two-hundred day moving average is $22.41.

ASE Technology (NYSE:ASX) last announced 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 net margin of 7.03% and a return on equity of 13.48%. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.32 billion. As a group, research analysts forecast that ASE Technology will post 1.05 earnings per share for the current year.

Institutional Investors Weigh In On ASE Technology

Several large investors have recently made changes to their positions in the business. Rafferty Asset Management LLC increased its holdings in ASE Technology by 50.9% during the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock worth $76,361,000 after purchasing an additional 2,491,918 shares during the last quarter. Schroder Investment Management Group grew its position in shares of ASE Technology by 38.4% during the third quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock worth $80,787,000 after buying an additional 2,012,970 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of ASE Technology by 11.1% in the fourth quarter. Lazard Asset Management LLC now owns 20,010,829 shares of the semiconductor company’s stock worth $322,174,000 after buying an additional 1,997,888 shares during the last quarter. Millennium Management LLC raised its holdings in ASE Technology by 130.8% in the third quarter. Millennium Management LLC now owns 3,169,267 shares of the semiconductor company’s stock valued at $35,147,000 after acquiring an additional 1,796,357 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in ASE Technology by 18.8% in the second quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock valued at $91,061,000 after acquiring an additional 1,397,206 shares in the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

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.