Tower Research Capital LLC TRC Makes New Investment in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Tower Research Capital LLC TRC bought a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 42,319 shares of the semiconductor company’s stock, valued at approximately $426,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its stake in shares of ASE Technology by 166.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 2,307 shares during the period. Allworth Financial LP lifted its stake in shares of ASE Technology by 42.5% in the 4th quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 1,104 shares during the period. R Squared Ltd acquired a new position in shares of ASE Technology in the 4th quarter valued at about $51,000. Wilmington Savings Fund Society FSB acquired a new position in shares of ASE Technology in the 3rd quarter valued at about $77,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of ASE Technology in the 4th quarter valued at about $93,000. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Stock Up 0.2 %

Shares of NYSE:ASX opened at $8.72 on Thursday. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 0.47 and a beta of 1.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.19 and a quick ratio of 0.93. The business’s 50-day moving average is $9.07 and its 200-day moving average is $9.80. ASE Technology Holding Co., Ltd. has a 1 year low of $6.94 and a 1 year high of $12.86.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. Equities research analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

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.