Ramirez Asset Management Inc. Sells 14,885 Shares of ASE Technology Holding Co., Ltd. $ASX

Ramirez Asset Management Inc. decreased its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 438,537 shares of the semiconductor company’s stock after selling 14,885 shares during the quarter. Ramirez Asset Management Inc.’s holdings in ASE Technology were worth $7,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC raised its holdings in ASE Technology by 1.9% during the 4th quarter. Parallel Advisors LLC now owns 25,975 shares of the semiconductor company’s stock worth $418,000 after buying an additional 482 shares during the period. Vest Financial LLC raised its holdings in ASE Technology by 5.2% during the 4th quarter. Vest Financial LLC now owns 12,954 shares of the semiconductor company’s stock worth $209,000 after buying an additional 637 shares during the period. PNC Financial Services Group Inc. raised its holdings in ASE Technology by 0.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 120,598 shares of the semiconductor company’s stock worth $1,942,000 after buying an additional 643 shares during the period. Frank Rimerman Advisors LLC raised its holdings in ASE Technology by 2.0% during the 4th quarter. Frank Rimerman Advisors LLC now owns 37,500 shares of the semiconductor company’s stock worth $604,000 after buying an additional 720 shares during the period. Finally, Mariner LLC raised its holdings in ASE Technology by 0.4% during the 3rd quarter. Mariner LLC now owns 211,006 shares of the semiconductor company’s stock worth $2,340,000 after buying an additional 748 shares during the period. Institutional investors own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a 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 given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.

ASE Technology Price Performance

Shares of ASX opened at $34.01 on Friday. The company has a market cap of $75.61 billion, a price-to-earnings ratio of 50.01, a PEG ratio of 0.68 and a beta of 1.72. ASE Technology Holding Co., Ltd. has a 1-year low of $9.30 and a 1-year high of $41.10. The company’s fifty day simple moving average is $30.67 and its 200 day simple moving average is $23.01. 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 (NYSE:ASX) last released its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.32 billion. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. On average, research analysts forecast that ASE Technology Holding Co., Ltd. will post 1.05 earnings per share for the current fiscal year.

About ASE Technology

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.