Principal Securities Inc. Sells 1,746 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Principal Securities Inc. lowered its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 39.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,630 shares of the semiconductor company’s stock after selling 1,746 shares during the quarter. Principal Securities Inc.’s holdings in ASE Technology were worth $26,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in ASE Technology by 103.8% in the third quarter. JPMorgan Chase & Co. now owns 3,571,208 shares of the semiconductor company’s stock valued at $34,855,000 after purchasing an additional 1,818,753 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of ASE Technology by 585.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 109,813 shares of the semiconductor company’s stock valued at $1,072,000 after acquiring an additional 93,790 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in ASE Technology by 16.5% during the third quarter. OneDigital Investment Advisors LLC now owns 17,193 shares of the semiconductor company’s stock worth $168,000 after acquiring an additional 2,431 shares in the last quarter. TT International Asset Management LTD grew its stake in ASE Technology by 14.8% in the third quarter. TT International Asset Management LTD now owns 2,063,535 shares of the semiconductor company’s stock valued at $20,140,000 after purchasing an additional 265,767 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ASE Technology during the 4th quarter worth approximately $710,000. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Price Performance

NYSE:ASX opened at $10.15 on Friday. The stock has a market capitalization of $22.39 billion, a PE ratio of 22.54, a P/E/G ratio of 0.47 and a beta of 1.17. ASE Technology Holding Co., Ltd. has a 1-year low of $8.10 and a 1-year high of $12.86. The firm has a fifty day simple moving average of $10.44 and a 200 day simple moving average of $10.06. The company has a current ratio of 1.19, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40.

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