Truist Financial Corp Boosts Stock Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Truist Financial Corp boosted its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 61.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,544 shares of the semiconductor company’s stock after acquiring an additional 14,989 shares during the period. Truist Financial Corp’s holdings in ASE Technology were worth $398,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Fisher Asset Management LLC grew its stake in ASE Technology by 10.8% during the third quarter. Fisher Asset Management LLC now owns 15,167,615 shares of the semiconductor company’s stock valued at $148,036,000 after acquiring an additional 1,481,424 shares in the last quarter. Citigroup Inc. grew its stake in ASE Technology by 9.7% during the third quarter. Citigroup Inc. now owns 4,323,059 shares of the semiconductor company’s stock valued at $42,193,000 after acquiring an additional 382,425 shares in the last quarter. JPMorgan Chase & Co. grew its stake in ASE Technology by 103.8% during the third quarter. JPMorgan Chase & Co. now owns 3,571,208 shares of the semiconductor company’s stock valued at $34,855,000 after acquiring an additional 1,818,753 shares in the last quarter. TT International Asset Management LTD grew its stake in ASE Technology by 14.8% during 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 acquiring an additional 265,767 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in ASE Technology by 9.3% during the fourth quarter. Rhumbline Advisers now owns 805,764 shares of the semiconductor company’s stock valued at $8,114,000 after purchasing an additional 68,654 shares during the last quarter. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Price Performance

ASX stock opened at $9.98 on Wednesday. ASE Technology Holding Co., Ltd. has a 52 week low of $8.10 and a 52 week high of $12.86. The company has a quick ratio of 0.93, a current ratio of 1.19 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $10.43 and a two-hundred day simple moving average of $10.06. The firm has a market capitalization of $22.02 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 0.47 and a beta of 1.17.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. Analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share 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.