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

ASE Technology Holding Co., Ltd. (NYSE:ASX) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 9,129,449 shares, a decline of 43.4% from the May 14th total of 16,115,984 shares. Based on an average trading volume of 10,173,062 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On ASE Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC purchased a new stake in shares of ASE Technology in the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd increased its stake in shares of ASE Technology by 180,900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,810 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 1,809 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of ASE Technology by 1,704.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 2,506 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of ASE Technology by 135.4% in the 1st quarter. Bessemer Group Inc. now owns 1,438 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 827 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in ASE Technology in the 4th quarter worth $32,000. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Price Performance

Shares of ASX opened at $38.20 on Friday. The firm has a market cap of $84.94 billion, a PE ratio of 56.18, a P/E/G ratio of 0.76 and a beta of 1.72. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $32.11 and a two-hundred day simple moving average of $23.77. ASE Technology has a 1-year low of $9.30 and a 1-year high of $41.10.

ASE Technology (NYSE:ASX) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.32 billion. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%. On average, equities analysts anticipate that ASE Technology will post 1.05 EPS for the current year.

Analyst Ratings Changes

ASX has been the subject of a number of research reports. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ASE Technology in a research note on Tuesday. Finally, Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

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.