Blue Trust Inc. Grows Stake in ASE Technology Holding Co., Ltd. $ASX

Blue Trust Inc. boosted its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 29.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 85,122 shares of the semiconductor company’s stock after buying an additional 19,116 shares during the period. Blue Trust Inc.’s holdings in ASE Technology were worth $879,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in ASE Technology by 154.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,746 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 1,666 shares during the period. Golden State Wealth Management LLC boosted its position in ASE Technology by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,590 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 1,795 shares in the last quarter. TT International Asset Management LTD bought a new stake in ASE Technology during the 1st quarter valued at $39,000. Brooklyn Investment Group boosted its position in ASE Technology by 1,084.2% during the 1st quarter. Brooklyn Investment Group now owns 7,650 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 7,004 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in ASE Technology during the 1st quarter valued at $68,000. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Stock Down 5.3%

Shares of NYSE ASX opened at $11.10 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $24.49 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 0.62 and a beta of 1.37. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $11.90. The stock’s fifty day simple moving average is $10.66 and its two-hundred day simple moving average is $9.93.

ASE Technology (NYSE:ASX) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $150.44 billion. ASE Technology had a return on equity of 10.33% and a net margin of 5.48%. As a group, analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.