Greenspring Advisors LLC Buys Shares of 18,021 ASE Technology Holding Co., Ltd. $ASX

Greenspring Advisors LLC bought a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,021 shares of the semiconductor company’s stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ASX. Nisa Investment Advisors LLC acquired a new position in ASE Technology during the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC lifted 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 acquiring an additional 2,506 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of ASE Technology in the 4th quarter worth approximately $32,000. SBI Securities Co. Ltd. lifted its stake in shares of ASE Technology by 256.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 1,795 shares during the period. Finally, WealthCollab LLC lifted its stake in shares of ASE Technology by 55.2% in the 2nd quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 1,726 shares during the period. 6.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ASX. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research note 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 research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

ASE Technology Trading Down 3.9%

Shares of NYSE:ASX opened at $38.35 on Friday. ASE Technology Holding Co., Ltd. has a twelve month low of $9.30 and a twelve month high of $41.10. The firm has a market cap of $85.28 billion, a P/E ratio of 56.40, a P/E/G ratio of 0.80 and a beta of 1.72. The company has a 50 day moving average of $30.44 and a 200-day moving average of $22.93. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53.

ASE Technology (NYSE:ASX) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 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 business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.32 billion. As a group, analysts anticipate that ASE Technology Holding Co., Ltd. will post 1.05 earnings per share for the current fiscal year.

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.