ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Acquired by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC increased its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 46.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,704 shares of the semiconductor company’s stock after purchasing an additional 16,393 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in ASE Technology were worth $590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ASX. Lazard Asset Management LLC lifted its stake 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 worth $234,182,000 after acquiring an additional 584,333 shares during the period. Acadian Asset Management LLC lifted its position in ASE Technology by 89.7% in the first 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 period. Goldman Sachs Group Inc. lifted its position in ASE Technology by 35.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,884,868 shares of the semiconductor company’s stock valued at $36,557,000 after purchasing an additional 1,009,795 shares during the period. Rafferty Asset Management LLC boosted its holdings in ASE Technology by 8.8% in the 4th quarter. Rafferty Asset Management LLC now owns 3,884,522 shares of the semiconductor company’s stock valued at $36,553,000 after purchasing an additional 313,300 shares in the last quarter. Finally, American Century Companies Inc. increased its position in ASE Technology by 3.4% during the 2nd quarter. American Century Companies Inc. now owns 1,939,422 shares of the semiconductor company’s stock worth $22,148,000 after purchasing an additional 63,237 shares during the period. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Stock Up 1.2 %

ASX opened at $10.00 on Tuesday. ASE Technology Holding Co., Ltd. has a 12 month low of $7.25 and a 12 month high of $12.86. The business has a 50-day moving average of $9.84 and a two-hundred day moving average of $10.59. 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 $21.92 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 0.63 and a beta of 1.22.

ASE Technology (NYSE:ASX) last released its earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $4.33 billion during the quarter. ASE Technology had a net margin of 5.38% and a return on equity of 9.90%. During the same quarter in the previous year, the firm posted $0.12 earnings per share. On average, research analysts expect that ASE Technology Holding Co., Ltd. will post 0.51 earnings per share for the current year.

Analyst Ratings Changes

ASX has been the subject of several recent analyst reports. StockNews.com cut ASE Technology from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley raised ASE Technology from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.

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.