VMS Asset Management Limited Makes New Investment in ASE Technology Holding Co., Ltd. $ASX

VMS Asset Management Limited bought a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 3rd quarter, HoldingsChannel reports. The fund bought 114,667 shares of the semiconductor company’s stock, valued at approximately $5,098,000. ASE Technology accounts for about 2.0% of VMS Asset Management Limited’s investment portfolio, making the stock its 25th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in ASX. Arrowstreet Capital Limited Partnership acquired a new stake in ASE Technology during the first quarter worth about $10,436,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of ASE Technology during the first quarter valued at approximately $8,932,000. Nykredit A S bought a new stake in shares of ASE Technology in the 2nd quarter worth $14,247,000. Hsbc Holdings PLC raised its position in ASE Technology by 17.3% in the fourth quarter. Hsbc Holdings PLC now owns 1,873,784 shares of the semiconductor company’s stock worth $30,147,000 after acquiring an additional 276,926 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in ASE Technology by 37.8% during the first quarter. Quantinno Capital Management LP now owns 588,182 shares of the semiconductor company’s stock worth $12,752,000 after buying an additional 161,471 shares in the last quarter. Institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

Shares of ASX opened at $44.39 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The firm has a market cap of $99.22 billion, a price-to-earnings ratio of 51.62 and a beta of 1.66. ASE Technology Holding Co., Ltd. has a 12 month low of $11.77 and a 12 month high of $47.93. The company’s fifty day moving average is $40.76 and its 200-day moving average is $36.84.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. ASE Technology had a return on equity of 16.12% and a net margin of 8.52%. The business had revenue of $81.66 million for the quarter, compared to the consensus estimate of $5.96 billion. Equities analysts expect that ASE Technology Holding Co., Ltd. will post 1.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ASX has been the topic of several recent analyst reports. Zacks Research upgraded ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 22nd. Wall Street Zen lowered shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Finally, Weiss Ratings upgraded shares of ASE Technology from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd. is a Taiwan-based provider of semiconductor manufacturing services. Through its subsidiaries, the company offers outsourced semiconductor assembly and testing (OSAT) services, helping chip manufacturers package and test integrated circuits before they are incorporated into electronic products.

Its services include wafer probing, wafer bumping, flip-chip and wire-bond packaging, system-in-package and other advanced packaging technologies, as well as final testing and related engineering services.