JPMorgan Chase & Co. Increases Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

JPMorgan Chase & Co. raised its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 103.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,571,208 shares of the semiconductor company’s stock after purchasing an additional 1,818,753 shares during the quarter. JPMorgan Chase & Co. owned about 0.16% of ASE Technology worth $34,855,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ASX. Ashton Thomas Private Wealth LLC purchased a new stake in ASE Technology during the 2nd quarter worth $43,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of ASE Technology during the third quarter valued at about $77,000. Werba Rubin Papier Wealth Management acquired a new position in shares of ASE Technology in the third quarter worth about $100,000. D Orazio & Associates Inc. purchased a new position in ASE Technology in the second quarter valued at about $126,000. Finally, Leo Wealth LLC acquired a new stake in ASE Technology during the 3rd quarter valued at approximately $114,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

Analyst Ratings Changes

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

ASE Technology Trading Up 4.2 %

NYSE:ASX opened at $10.64 on Tuesday. The company has a market cap of $23.36 billion, a PE ratio of 23.64, a P/E/G ratio of 0.71 and a beta of 1.19. The business’s 50 day moving average is $9.95 and its two-hundred day moving average is $10.13. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.38. ASE Technology Holding Co., Ltd. has a 52 week low of $8.10 and a 52 week high of $12.86.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The business had revenue of $4.96 billion during the quarter. ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. During the same period in the previous year, the company posted $0.13 earnings per share. On average, analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current 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.