77,527 Shares in ASE Technology Holding Co., Ltd. $ASX Bought by Triglav Investments D.O.O.

Triglav Investments D.O.O. bought a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 77,527 shares of the semiconductor company’s stock, valued at approximately $1,248,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Vest Financial LLC grew its position in ASE Technology by 5.2% in the fourth quarter. Vest Financial LLC now owns 12,954 shares of the semiconductor company’s stock valued at $209,000 after purchasing an additional 637 shares in the last quarter. PNC Financial Services Group Inc. grew its position in ASE Technology by 0.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 120,598 shares of the semiconductor company’s stock valued at $1,942,000 after purchasing an additional 643 shares in the last quarter. Frank Rimerman Advisors LLC grew its position in ASE Technology by 1.8% in the third quarter. Frank Rimerman Advisors LLC now owns 36,780 shares of the semiconductor company’s stock valued at $408,000 after purchasing an additional 650 shares in the last quarter. Mariner LLC grew its position in ASE Technology by 0.4% in the third quarter. Mariner LLC now owns 211,006 shares of the semiconductor company’s stock valued at $2,340,000 after purchasing an additional 748 shares in the last quarter. Finally, GeoWealth Management LLC grew its position in ASE Technology by 5.8% in the third quarter. GeoWealth Management LLC now owns 13,747 shares of the semiconductor company’s stock valued at $152,000 after purchasing an additional 750 shares in the last quarter. Institutional investors own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, ASE Technology currently has an average rating of “Buy”.

ASE Technology Stock Performance

Shares of ASX opened at $38.29 on Friday. The firm has a 50-day moving average of $29.05 and a 200-day moving average of $22.20. ASE Technology Holding Co., Ltd. has a one year low of $9.23 and a one year high of $41.10. The company has a market cap of $85.13 billion, a PE ratio of 56.31, a price-to-earnings-growth ratio of 0.81 and a beta of 1.68. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.32 billion. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. As a group, equities analysts forecast that ASE Technology Holding Co., Ltd. will post 1.05 earnings per share for the current year.

ASE Technology Profile

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.