20,320 ASE Technology Holding Co., Ltd. $ASX Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. grew its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 23.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,395 shares of the semiconductor company’s stock after purchasing an additional 20,320 shares during the period. Vise Technologies Inc.’s holdings in ASE Technology were worth $4,730,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ASX. Nilsine Partners LLC purchased a new stake in shares of ASE Technology in the second quarter worth about $1,278,000. Nykredit A S purchased a new position in ASE Technology during the 2nd quarter valued at approximately $14,247,000. Navellier & Associates Inc. purchased a new position in ASE Technology during the 2nd quarter valued at approximately $3,975,000. Blue Jean Financial LLC purchased a new position in ASE Technology during the 3rd quarter valued at approximately $4,168,000. Finally, Hsbc Holdings PLC grew its holdings in ASE Technology by 7.5% during the 1st quarter. Hsbc Holdings PLC now owns 2,014,412 shares of the semiconductor company’s stock valued at $43,654,000 after buying an additional 140,628 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

Shares of NYSE:ASX opened at $39.12 on Wednesday. ASE Technology Holding Co., Ltd. has a 52 week low of $13.35 and a 52 week high of $47.93. The stock has a market capitalization of $87.44 billion, a P/E ratio of 36.56 and a beta of 1.79. The firm has a fifty day simple moving average of $41.59 and a two-hundred day simple moving average of $33.41. The company has a quick ratio of 0.88, a current ratio of 1.16 and a debt-to-equity ratio of 0.70.

ASE Technology (NYSE:ASX) last posted its earnings results on Thursday, October 29th. The semiconductor company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.30 billion. ASE Technology had a net margin of 9.77% and a return on equity of 18.97%. On average, analysts expect that ASE Technology Holding Co., Ltd. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research upgraded ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 22nd. Finally, Weiss Ratings raised shares of ASE Technology from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, ASE Technology currently has a consensus rating of “Strong Buy”.

About ASE Technology

ASE Technology Holding Co, Ltd. is a Taiwan-based provider of semiconductor manufacturing services. Through its subsidiaries, the company offers outsourced semiconductor assembly and test services, helping chip designers and manufacturers package, assemble and evaluate integrated circuits after wafer fabrication.

Its services include wafer probing, wafer bumping, semiconductor packaging, final testing and advanced packaging technologies such as flip-chip, system-in-package and fan-out solutions.