Assetmark Inc. Sells 16,964 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Assetmark Inc. trimmed its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 57.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,686 shares of the semiconductor company’s stock after selling 16,964 shares during the period. Assetmark Inc.’s holdings in ASE Technology were worth $128,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ASX. Fisher Asset Management LLC increased its position in ASE Technology by 3.3% in the 4th quarter. Fisher Asset Management LLC now owns 15,674,623 shares of the semiconductor company’s stock worth $157,843,000 after buying an additional 507,008 shares during the period. Citigroup Inc. increased its position in ASE Technology by 9.7% in the 3rd quarter. Citigroup Inc. now owns 4,323,059 shares of the semiconductor company’s stock worth $42,193,000 after buying an additional 382,425 shares during the period. JPMorgan Chase & Co. increased its position in ASE Technology by 103.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,571,208 shares of the semiconductor company’s stock worth $34,855,000 after buying an additional 1,818,753 shares during the period. TT International Asset Management LTD increased its position in ASE Technology by 14.8% in the 3rd quarter. TT International Asset Management LTD now owns 2,063,535 shares of the semiconductor company’s stock worth $20,140,000 after buying an additional 265,767 shares during the period. Finally, NINE MASTS CAPITAL Ltd increased its position in ASE Technology by 17.3% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 1,162,852 shares of the semiconductor company’s stock worth $11,710,000 after buying an additional 171,463 shares during the period. 6.80% of the stock is owned by institutional investors.

ASE Technology Stock Performance

Shares of NYSE ASX opened at $9.65 on Friday. 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 business’s 50 day moving average is $10.36 and its two-hundred day moving average is $10.06. The company has a market cap of $21.29 billion, a P/E ratio of 21.43, a P/E/G ratio of 0.47 and a beta of 1.21. ASE Technology Holding Co., Ltd. has a 12 month low of $8.10 and a 12 month high of $12.86.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results 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 return on equity of 9.86% and a net margin of 5.44%. On average, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

About ASE Technology

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.