ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lowered its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 49.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 81,333 shares of the semiconductor company’s stock after selling 78,786 shares during the quarter. Blue Trust Inc.’s holdings in ASE Technology were worth $819,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ASX. Allspring Global Investments Holdings LLC lifted its stake in ASE Technology by 3.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 114,013 shares of the semiconductor company’s stock worth $1,143,000 after purchasing an additional 4,200 shares during the last quarter. Cambiar Investors LLC bought a new position in ASE Technology during the fourth quarter worth $168,000. Savant Capital LLC lifted its stake in ASE Technology by 23.5% during the fourth quarter. Savant Capital LLC now owns 20,775 shares of the semiconductor company’s stock worth $209,000 after purchasing an additional 3,952 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in ASE Technology during the fourth quarter worth $732,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in ASE Technology during the fourth quarter worth $710,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Stock Performance

Shares of ASX opened at $10.85 on Monday. The business’s fifty day moving average price is $10.29 and its 200 day moving average price is $9.96. ASE Technology Holding Co., Ltd. has a 12-month low of $8.10 and a 12-month high of $12.86. The stock has a market capitalization of $23.81 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 0.42 and a beta of 1.17. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89.

ASE Technology (NYSE:ASX) last posted its earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. Equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current 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.