ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Purchased by Earnest Partners LLC

Earnest Partners LLC boosted its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 10.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,840,090 shares of the semiconductor company’s stock after purchasing an additional 266,991 shares during the quarter. Earnest Partners LLC owned about 0.13% of ASE Technology worth $32,434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in ASE Technology by 1,796.7% in the first quarter. Russell Investments Group Ltd. now owns 221,531 shares of the semiconductor company’s stock valued at $2,437,000 after purchasing an additional 209,851 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in ASE Technology in the first quarter valued at approximately $812,000. Capstone Investment Advisors LLC lifted its stake in ASE Technology by 640.1% in the first quarter. Capstone Investment Advisors LLC now owns 107,192 shares of the semiconductor company’s stock valued at $1,178,000 after buying an additional 92,708 shares during the last quarter. Virtu Financial LLC purchased a new stake in ASE Technology in the fourth quarter valued at approximately $667,000. Finally, Acadian Asset Management LLC lifted its stake 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 buying an additional 4,664,258 shares during the last quarter. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Price Performance

Shares of NYSE ASX opened at $10.54 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. ASE Technology Holding Co., Ltd. has a twelve month low of $7.28 and a twelve month high of $12.86. The stock has a 50 day moving average of $9.77 and a two-hundred day moving average of $10.58. The stock has a market cap of $23.11 billion, a P/E ratio of 22.91, a P/E/G ratio of 0.66 and a beta of 1.22.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on ASX. StockNews.com cut ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Morgan Stanley upgraded 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.