Ballentine Partners LLC Grows Stock Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Ballentine Partners LLC lifted its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 28.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,981 shares of the semiconductor company’s stock after acquiring an additional 15,367 shares during the quarter. Ballentine Partners LLC’s holdings in ASE Technology were worth $705,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ASX. JPMorgan Chase & Co. increased its stake in shares of ASE Technology by 103.8% during the third quarter. JPMorgan Chase & Co. now owns 3,571,208 shares of the semiconductor company’s stock valued at $34,855,000 after buying an additional 1,818,753 shares during the period. Fisher Asset Management LLC grew its holdings in ASE Technology by 10.8% during the 3rd quarter. Fisher Asset Management LLC now owns 15,167,615 shares of the semiconductor company’s stock worth $148,036,000 after acquiring an additional 1,481,424 shares in the last quarter. Driehaus Capital Management LLC increased its position in ASE Technology by 105.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 982,028 shares of the semiconductor company’s stock valued at $11,215,000 after purchasing an additional 503,765 shares during the period. Squarepoint Ops LLC raised its holdings in shares of ASE Technology by 528.5% in the 2nd quarter. Squarepoint Ops LLC now owns 478,766 shares of the semiconductor company’s stock valued at $5,468,000 after purchasing an additional 402,585 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of ASE Technology by 9.7% in the 3rd quarter. Citigroup Inc. now owns 4,323,059 shares of the semiconductor company’s stock worth $42,193,000 after purchasing an additional 382,425 shares during the period. Institutional investors own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a report on Tuesday, October 15th.

ASE Technology Trading Up 0.5 %

NYSE ASX opened at $11.01 on Thursday. ASE Technology Holding Co., Ltd. has a 52 week low of $8.10 and a 52 week high of $12.86. The company has a 50 day moving average price of $10.14 and a 200 day moving average price of $10.07. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.38. The firm has a market cap of $24.17 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 0.44 and a beta of 1.19.

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

ASE Technology 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.