PNC Financial Services Group Inc. Buys 8,980 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

PNC Financial Services Group Inc. increased its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 7.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,294 shares of the semiconductor company’s stock after acquiring an additional 8,980 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ASE Technology were worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ASX. Ashton Thomas Private Wealth LLC bought a new position in shares of ASE Technology during the second quarter valued at about $43,000. Fifth Third Bancorp increased its holdings in ASE Technology by 423.8% during the 2nd quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 5,289 shares during the period. Werba Rubin Papier Wealth Management bought a new position in ASE Technology during the 3rd quarter valued at approximately $100,000. Leo Wealth LLC purchased a new stake in ASE Technology in the 3rd quarter worth approximately $114,000. Finally, Cetera Advisors LLC bought a new stake in shares of ASE Technology in the 1st quarter worth approximately $120,000. 6.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ASX. Morgan Stanley upgraded ASE Technology from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th. StockNews.com lowered shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, UBS Group raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th.

ASE Technology Stock Down 2.8 %

ASX stock opened at $9.49 on Thursday. The company has a market capitalization of $20.82 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 0.70 and a beta of 1.22. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18. The business’s 50 day moving average price is $9.94 and its two-hundred day moving average price is $10.33. ASE Technology Holding Co., Ltd. has a fifty-two week low of $8.10 and a fifty-two week high of $12.86.

ASE Technology (NYSE:ASX) last announced its earnings results on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The business had revenue of $4.96 billion for the quarter. ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. During the same quarter in the previous year, the business posted $0.13 EPS. As a group, analysts forecast that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current fiscal year.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.