Wealth Enhancement Advisory Services LLC Reduces Stock Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Wealth Enhancement Advisory Services LLC lessened its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 16.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,222 shares of the semiconductor company’s stock after selling 2,463 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in ASE Technology were worth $119,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC boosted its position in shares of ASE Technology by 26.6% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 268,211 shares of the semiconductor company’s stock valued at $2,618,000 after acquiring an additional 56,317 shares during the last quarter. Ballentine Partners LLC boosted its holdings in ASE Technology by 37.5% in the 3rd quarter. Ballentine Partners LLC now owns 54,614 shares of the semiconductor company’s stock valued at $533,000 after purchasing an additional 14,903 shares during the last quarter. Leo Wealth LLC purchased a new stake in shares of ASE Technology in the 3rd quarter valued at approximately $114,000. Signaturefd LLC grew its stake in shares of ASE Technology by 8.7% in the 3rd quarter. Signaturefd LLC now owns 60,551 shares of the semiconductor company’s stock valued at $591,000 after buying an additional 4,862 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of ASE Technology by 585.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 109,813 shares of the semiconductor company’s stock worth $1,072,000 after buying an additional 93,790 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Down 1.9 %

ASE Technology stock opened at $9.51 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18. The firm has a 50 day moving average price of $9.87 and a 200 day moving average price of $10.37. ASE Technology Holding Co., Ltd. has a fifty-two week low of $8.10 and a fifty-two week high of $12.86. The company has a market capitalization of $20.88 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 0.70 and a beta of 1.22.

ASE Technology (NYSE:ASX) last posted its earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). The firm had revenue of $4.96 billion for the quarter. ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. During the same quarter last year, the firm posted $0.13 earnings per share. Research analysts expect that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ASX shares. UBS Group upgraded ASE Technology from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 15th. Morgan Stanley upgraded ASE Technology from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th. Finally, StockNews.com cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 20th.

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.