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

Truist Financial Corp reduced its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 17.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,551 shares of the semiconductor company’s stock after selling 6,163 shares during the quarter. Truist Financial Corp’s holdings in ASE Technology were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its holdings in 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 buying an additional 584,333 shares during the period. 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 worth $108,364,000 after acquiring an additional 4,664,258 shares during the period. Goldman Sachs Group Inc. boosted its holdings 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 acquiring an additional 1,009,795 shares in the last quarter. Earnest Partners LLC increased its position in ASE Technology by 10.4% during the 2nd quarter. Earnest Partners LLC now owns 2,840,090 shares of the semiconductor company’s stock valued at $32,434,000 after purchasing an additional 266,991 shares during the period. 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 valued at $22,148,000 after purchasing an additional 63,237 shares during the period. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ASX. StockNews.com lowered shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. UBS Group raised ASE Technology from a “neutral” rating to a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley raised ASE Technology from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th.

ASE Technology Stock Down 3.3 %

NYSE:ASX opened at $10.39 on Friday. 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 firm’s 50-day moving average price is $9.80 and its 200-day moving average price is $10.46. The company has a market capitalization of $22.78 billion, a PE ratio of 22.50, a P/E/G ratio of 0.65 and a beta of 1.22. ASE Technology Holding Co., Ltd. has a 1-year low of $7.33 and a 1-year high of $12.86.

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

ASE Technology 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.