13,065 Shares in ASE Technology Holding Co., Ltd. (NYSE:ASX) Purchased by Choreo LLC

Choreo LLC acquired a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,065 shares of the semiconductor company’s stock, valued at approximately $149,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC grew its holdings in shares of 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 valued at $108,364,000 after buying an additional 4,664,258 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in ASE Technology by 35.1% in the 4th 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 in the last quarter. Lazard Asset Management LLC boosted its stake in ASE Technology by 2.8% during the 1st quarter. Lazard Asset Management LLC now owns 21,308,753 shares of the semiconductor company’s stock valued at $234,182,000 after purchasing an additional 584,333 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in shares of ASE Technology by 8.8% in the 4th quarter. Rafferty Asset Management LLC now owns 3,884,522 shares of the semiconductor company’s stock worth $36,553,000 after purchasing an additional 313,300 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of ASE Technology in the second quarter worth $2,997,000. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Trading Down 1.4 %

NYSE:ASX opened at $9.88 on Friday. The company has a market cap of $21.66 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 0.63 and a beta of 1.22. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. The company has a 50 day simple moving average of $9.88 and a two-hundred day simple moving average of $10.60. ASE Technology Holding Co., Ltd. has a 12 month low of $7.25 and a 12 month high of $12.86.

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

Analyst Upgrades and Downgrades

ASX has been the topic of several recent analyst reports. StockNews.com cut ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley raised shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th.

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.