Victory Capital Management Inc. Has $1.31 Million Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Victory Capital Management Inc. decreased its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 13.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,665 shares of the semiconductor company’s stock after selling 17,958 shares during the quarter. Victory Capital Management Inc.’s holdings in ASE Technology were worth $1,309,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ASX. Acadian Asset Management LLC boosted its holdings in ASE Technology by 89.7% during the first quarter. Acadian Asset Management LLC now owns 9,861,612 shares of the semiconductor company’s stock worth $108,364,000 after purchasing an additional 4,664,258 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in ASE Technology by 35.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,884,868 shares of the semiconductor company’s stock valued at $36,557,000 after acquiring an additional 1,009,795 shares during the last quarter. Lazard Asset Management LLC lifted its stake in ASE Technology by 2.8% in the first quarter. Lazard Asset Management LLC now owns 21,308,753 shares of the semiconductor company’s stock valued at $234,182,000 after acquiring an additional 584,333 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in ASE Technology by 8.8% in the fourth quarter. Rafferty Asset Management LLC now owns 3,884,522 shares of the semiconductor company’s stock valued at $36,553,000 after acquiring an additional 313,300 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in ASE Technology in the second quarter valued at $2,997,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ASX. Morgan Stanley upgraded shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research note on Monday. StockNews.com cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday.

ASE Technology Price Performance

Shares of ASX opened at $10.02 on Friday. The firm has a market capitalization of $21.97 billion, a PE ratio of 21.78, a PEG ratio of 0.63 and a beta of 1.22. The company’s 50-day moving average is $9.92 and its 200-day moving average is $10.60. ASE Technology Holding Co., Ltd. has a fifty-two week low of $7.25 and a fifty-two week high of $12.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.17 and a quick ratio of 0.90.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $4.33 billion for the quarter. ASE Technology had a net margin of 5.38% and a return on equity of 9.90%. During the same period in the previous year, the company earned $0.12 earnings per share. Equities analysts forecast that ASE Technology Holding Co., Ltd. will post 0.51 EPS for the current 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.