Allspring Global Investments Holdings LLC Acquires 93,790 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Allspring Global Investments Holdings LLC lifted its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 585.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,813 shares of the semiconductor company’s stock after purchasing an additional 93,790 shares during the period. Allspring Global Investments Holdings LLC’s holdings in ASE Technology were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Acadian Asset Management LLC increased its stake in shares of ASE Technology by 89.7% in the 1st quarter. Acadian Asset Management LLC now owns 9,861,612 shares of the semiconductor company’s stock valued at $108,364,000 after purchasing an additional 4,664,258 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of ASE Technology by 2.8% in 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 buying an additional 584,333 shares during the last quarter. Driehaus Capital Management LLC raised its position in shares of ASE Technology by 105.3% during the second quarter. Driehaus Capital Management LLC now owns 982,028 shares of the semiconductor company’s stock worth $11,215,000 after acquiring an additional 503,765 shares during the last quarter. Squarepoint Ops LLC increased its position in ASE Technology by 528.5% during the 2nd quarter. Squarepoint Ops LLC now owns 478,766 shares of the semiconductor company’s stock valued at $5,468,000 after purchasing an additional 402,585 shares during the period. Finally, Earnest Partners LLC raised its holdings in ASE Technology by 10.4% during the 2nd quarter. Earnest Partners LLC now owns 2,840,090 shares of the semiconductor company’s stock worth $32,434,000 after purchasing an additional 266,991 shares during the last quarter. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Trading Down 2.4 %

NYSE ASX opened at $9.56 on Friday. The business’s fifty day moving average is $9.86 and its 200-day moving average is $10.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.17 and a quick ratio of 0.90. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 0.65 and a beta of 1.22. ASE Technology Holding Co., Ltd. has a one year low of $7.34 and a one year high of $12.86.

Analysts Set New Price Targets

ASX has been the subject of a number of analyst reports. UBS Group raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th. StockNews.com lowered shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Morgan Stanley raised shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research note 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.