Wealth Alliance Cuts Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Wealth Alliance reduced its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,573 shares of the semiconductor company’s stock after selling 1,878 shares during the quarter. Wealth Alliance’s holdings in ASE Technology were worth $269,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of ASE Technology by 7.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 16,023 shares of the semiconductor company’s stock valued at $183,000 after buying an additional 1,046 shares during the period. Beverly Hills Private Wealth LLC lifted its position in shares of ASE Technology by 5.4% during the second quarter. Beverly Hills Private Wealth LLC now owns 22,195 shares of the semiconductor company’s stock worth $253,000 after purchasing an additional 1,130 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of ASE Technology by 3.6% in the second quarter. Atomi Financial Group Inc. now owns 38,924 shares of the semiconductor company’s stock valued at $445,000 after purchasing an additional 1,345 shares during the period. Claro Advisors LLC grew its holdings in ASE Technology by 4.2% during the 1st quarter. Claro Advisors LLC now owns 37,798 shares of the semiconductor company’s stock valued at $415,000 after purchasing an additional 1,529 shares in the last quarter. Finally, DGS Capital Management LLC increased its stake in ASE Technology by 4.6% during the 1st quarter. DGS Capital Management LLC now owns 58,861 shares of the semiconductor company’s stock worth $647,000 after buying an additional 2,580 shares during the period. Institutional investors and hedge funds own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ASX shares. Morgan Stanley raised shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th. StockNews.com lowered ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday.

ASE Technology Stock Down 1.4 %

Shares of NYSE:ASX opened at $9.88 on Friday. ASE Technology Holding Co., Ltd. has a 12-month low of $7.25 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 firm has a market cap of $21.66 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 0.63 and a beta of 1.22. The company has a fifty day simple moving average of $9.88 and a 200 day simple moving average of $10.60.

ASE Technology (NYSE:ASX) last released its earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share for the quarter, hitting the consensus estimate 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 period in the previous year, the firm posted $0.12 EPS. On average, equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.51 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.