Eurizon Capital SGR S.p.A. Acquires New Stake in ASE Technology Holding Co., Ltd. $ASX

Eurizon Capital SGR S.p.A. acquired a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 165,722 shares of the semiconductor company’s stock, valued at approximately $2,653,000.

Other hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new stake in ASE Technology during the fourth quarter valued at $27,000. Eagle Bay Advisors LLC purchased a new stake in ASE Technology during the fourth quarter valued at $32,000. SBI Securities Co. Ltd. increased its position in ASE Technology by 256.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 1,795 shares during the last quarter. Smartleaf Asset Management LLC increased its position in ASE Technology by 1,704.8% during the third quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 2,506 shares during the last quarter. Finally, WealthCollab LLC increased its position in ASE Technology by 55.2% during the second quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,726 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

NYSE:ASX opened at $39.25 on Wednesday. The stock has a 50-day simple moving average of $29.38 and a two-hundred day simple moving average of $22.41. ASE Technology Holding Co., Ltd. has a 52-week low of $9.26 and a 52-week high of $41.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.15. The firm has a market capitalization of $87.27 billion, a PE ratio of 57.72, a P/E/G ratio of 0.76 and a beta of 1.72.

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

Analysts Set New Price Targets

A number of research firms recently commented on ASX. Zacks Research upgraded ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a research 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ASE Technology presently 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.