Profund Advisors LLC Buys 19,570 Shares of ASE Technology Holding Co., Ltd. $ASX

Profund Advisors LLC increased its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 21.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 112,432 shares of the semiconductor company’s stock after buying an additional 19,570 shares during the quarter. Profund Advisors LLC’s holdings in ASE Technology were worth $1,810,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Rafferty Asset Management LLC boosted its holdings in ASE Technology by 50.9% in the second 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 in the last quarter. Schroder Investment Management Group raised its position in shares of ASE Technology by 38.4% in the 3rd quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock worth $80,787,000 after purchasing an additional 2,012,970 shares during the last quarter. Millennium Management LLC boosted its stake 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 worth $35,147,000 after purchasing an additional 1,796,357 shares in the last quarter. Bank of America Corp DE grew its position in ASE Technology by 18.8% during the 2nd quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock valued at $91,061,000 after purchasing an additional 1,397,206 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in ASE Technology by 55.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,958,901 shares of the semiconductor company’s stock valued at $32,814,000 after purchasing an additional 1,057,046 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Trading Up 2.7%

ASE Technology stock opened at $31.71 on Thursday. ASE Technology Holding Co., Ltd. has a one year low of $9.23 and a one year high of $35.71. The business’s fifty day moving average is $26.89 and its 200 day moving average is $21.19. The stock has a market capitalization of $70.52 billion, a PE ratio of 46.64, a price-to-earnings-growth ratio of 0.62 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 issued its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.32 billion. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%. On average, sell-side analysts predict that ASE Technology Holding Co., Ltd. will post 1.05 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ASX. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, ASE Technology has an average 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.