Hel Ved Capital Management Ltd Cuts Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Hel Ved Capital Management Ltd lowered its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 33.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 651,850 shares of the semiconductor company’s stock after selling 323,150 shares during the quarter. ASE Technology comprises 1.9% of Hel Ved Capital Management Ltd’s holdings, making the stock its 15th largest holding. Hel Ved Capital Management Ltd’s holdings in ASE Technology were worth $6,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ASX. JPMorgan Chase & Co. grew its position in ASE Technology by 103.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,571,208 shares of the semiconductor company’s stock worth $34,855,000 after purchasing an additional 1,818,753 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of ASE Technology by 3.3% in the 4th quarter. Fisher Asset Management LLC now owns 15,674,623 shares of the semiconductor company’s stock valued at $157,843,000 after acquiring an additional 507,008 shares during the period. National Bank of Canada FI acquired a new stake in ASE Technology during the 4th quarter worth about $4,876,000. Ashton Thomas Private Wealth LLC acquired a new stake in ASE Technology during the 4th quarter worth about $3,288,000. Finally, Ovata Capital Management Ltd purchased a new stake in ASE Technology in the fourth quarter valued at approximately $2,761,000. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Stock Performance

Shares of ASX stock opened at $7.70 on Friday. ASE Technology Holding Co., Ltd. has a 52-week low of $7.53 and a 52-week high of $12.86. The stock has a market cap of $17.00 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 0.47 and a beta of 1.21. The business has a 50-day simple moving average of $9.93 and a 200-day simple moving average of $10.03. The company has a quick ratio of 0.93, a current ratio of 1.19 and a debt-to-equity ratio of 0.40.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. On average, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

About ASE Technology

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.