Enterprise Financial Services Corp Invests $104,000 in ASE Technology Holding Co., Ltd. $ASX

Enterprise Financial Services Corp acquired a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the second quarter, HoldingsChannel.com reports. The fund acquired 10,098 shares of the semiconductor company’s stock, valued at approximately $104,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ASX. American Century Companies Inc. boosted its position in ASE Technology by 20.9% during the second quarter. American Century Companies Inc. now owns 3,180,215 shares of the semiconductor company’s stock worth $32,852,000 after purchasing an additional 549,025 shares during the period. Journey Strategic Wealth LLC lifted its stake in shares of ASE Technology by 21.5% in the second quarter. Journey Strategic Wealth LLC now owns 13,921 shares of the semiconductor company’s stock worth $144,000 after buying an additional 2,464 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of ASE Technology by 261.9% in the second quarter. Legal & General Group Plc now owns 15,647 shares of the semiconductor company’s stock worth $162,000 after buying an additional 11,324 shares during the last quarter. MAI Capital Management boosted its holdings in shares of ASE Technology by 2,409.6% during the 2nd quarter. MAI Capital Management now owns 4,969 shares of the semiconductor company’s stock worth $51,000 after buying an additional 4,771 shares during the period. Finally, Frank Rimerman Advisors LLC acquired a new position in ASE Technology in the 2nd quarter valued at $373,000. 6.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ASX has been the subject of a number of research analyst reports. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a research report on Wednesday, October 8th. Nomura raised ASE Technology from a “neutral” rating to a “buy” rating in a report on Thursday, October 30th. Finally, Nomura Securities upgraded ASE Technology to a “strong-buy” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

ASE Technology Stock Up 0.8%

ASX stock opened at $13.86 on Friday. The business’s 50-day simple moving average is $12.93 and its 200 day simple moving average is $11.11. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The company has a market cap of $30.60 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45. ASE Technology Holding Co., Ltd. has a twelve month low of $6.94 and a twelve month high of $16.39.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $162.64 billion. ASE Technology had a return on equity of 10.33% and a net margin of 5.48%. On average, research analysts anticipate 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.