ASE Technology Holding Co., Ltd. $ASX Stock: Bank Pictet & Cie Europe AG Lowers Position

Bank Pictet & Cie Europe AG decreased its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 26.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,020 shares of the semiconductor company’s stock after selling 28,844 shares during the period. Bank Pictet & Cie Europe AG’s holdings in ASE Technology were worth $3,647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC increased its stake in ASE Technology by 7.5% in the 1st quarter. Hsbc Holdings PLC now owns 2,014,412 shares of the semiconductor company’s stock worth $43,654,000 after acquiring an additional 140,628 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of ASE Technology by 9.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,399,553 shares of the semiconductor company’s stock valued at $30,342,000 after acquiring an additional 125,324 shares during the last quarter. Sei Investments Co. boosted its position in shares of ASE Technology by 12.1% during the 1st quarter. Sei Investments Co. now owns 812,019 shares of the semiconductor company’s stock valued at $17,604,000 after acquiring an additional 87,689 shares during the last quarter. Ninety One UK Ltd boosted its position in shares of ASE Technology by 591.1% during the 3rd quarter. Ninety One UK Ltd now owns 688,777 shares of the semiconductor company’s stock valued at $30,623,000 after acquiring an additional 589,119 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of 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 purchasing an additional 161,471 shares in the last quarter. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Price Performance

NYSE ASX traded up $0.34 on Tuesday, reaching $41.14. 2,337,659 shares of the company’s stock traded hands, compared to its average volume of 8,497,011. The stock has a market cap of $91.96 billion, a PE ratio of 47.76 and a beta of 1.66. ASE Technology Holding Co., Ltd. has a 12 month low of $12.31 and a 12 month high of $47.93. The stock has a 50-day simple moving average of $40.95 and a 200 day simple moving average of $37.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.81.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. ASE Technology had a net margin of 8.52% and a return on equity of 16.12%. The firm had revenue of $81.66 million during the quarter, compared to analyst estimates of $5.96 billion. As a group, research analysts predict that ASE Technology Holding Co., Ltd. will post 1.26 earnings per share for the current year.

Analyst Ratings Changes

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

About ASE Technology

ASE Technology Holding Co, Ltd. is a Taiwan-based provider of semiconductor manufacturing services. Through its subsidiaries, the company offers outsourced semiconductor assembly and test services, helping chip designers and manufacturers package, assemble and evaluate integrated circuits after wafer fabrication.

Its services include wafer probing, wafer bumping, semiconductor packaging, final testing and advanced packaging technologies such as flip-chip, system-in-package and fan-out solutions.