West Family Investments Inc. Has $603,000 Stock Holdings in ASE Technology Holding Co., Ltd. $ASX

West Family Investments Inc. lessened its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 29.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,452 shares of the semiconductor company’s stock after selling 15,306 shares during the quarter. West Family Investments Inc.’s holdings in ASE Technology were worth $603,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ASX. Rafferty Asset Management LLC lifted its position in shares of ASE Technology by 50.9% in the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock worth $76,361,000 after acquiring an additional 2,491,918 shares during the period. Schroder Investment Management Group increased its holdings in shares of ASE Technology by 38.4% during the third quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock worth $80,787,000 after buying an additional 2,012,970 shares in the last quarter. Millennium Management LLC raised its position in ASE Technology by 130.8% in the 3rd quarter. Millennium Management LLC now owns 3,169,267 shares of the semiconductor company’s stock valued at $35,147,000 after purchasing an additional 1,796,357 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of ASE Technology by 18.8% in the second quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock valued at $91,061,000 after buying an additional 1,397,206 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of ASE Technology by 55.6% during the third quarter. JPMorgan Chase & Co. now owns 2,958,901 shares of the semiconductor company’s stock worth $32,814,000 after purchasing an additional 1,057,046 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Trading Down 0.1%

Shares of ASE Technology stock opened at $34.01 on Monday. The firm’s 50 day moving average is $30.67 and its 200 day moving average is $23.07. The firm has a market capitalization of $75.61 billion, a PE ratio of 50.01, a price-to-earnings-growth ratio of 0.68 and a beta of 1.72. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. ASE Technology Holding Co., Ltd. has a 1 year low of $9.30 and a 1 year high of $41.10.

ASE Technology (NYSE:ASX) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.32 billion. Equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 1.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

ASX has been the subject of a number of recent research reports. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

ASE Technology Company 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.