ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Sold by Aprio Wealth Management LLC

Aprio Wealth Management LLC decreased its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 11.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,844 shares of the semiconductor company’s stock after selling 4,254 shares during the period. Aprio Wealth Management LLC’s holdings in ASE Technology were worth $321,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of ASE Technology during the second quarter worth about $43,000. Fifth Third Bancorp lifted its position in ASE Technology by 423.8% in the second quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 5,289 shares during the period. Burns Matteson Capital Management LLC acquired a new stake in ASE Technology in the first quarter valued at about $107,000. Cetera Advisors LLC acquired a new stake in ASE Technology in the first quarter valued at about $120,000. Finally, CFO4Life Group LLC acquired a new stake in ASE Technology in the first quarter valued at about $123,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Price Performance

ASX stock opened at $9.86 on Wednesday. The firm has a 50 day moving average of $9.65 and a 200-day moving average of $10.50. ASE Technology Holding Co., Ltd. has a 12-month low of $7.33 and a 12-month high of $12.86. 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 market cap of $21.62 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 0.66 and a beta of 1.22.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. ASE Technology had a net margin of 5.38% and a return on equity of 9.90%. The company had revenue of $4.33 billion during the quarter. During the same quarter in the previous year, the business posted $0.12 earnings per share. As a group, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ASX shares. StockNews.com downgraded shares of ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Morgan Stanley upgraded shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th.

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.