Blue Trust Inc. Buys 74,278 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Blue Trust Inc. increased its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 86.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 160,119 shares of the semiconductor company’s stock after purchasing an additional 74,278 shares during the quarter. Blue Trust Inc.’s holdings in ASE Technology were worth $1,563,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of ASE Technology by 1,796.7% during the 1st quarter. Russell Investments Group Ltd. now owns 221,531 shares of the semiconductor company’s stock valued at $2,437,000 after buying an additional 209,851 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in ASE Technology during the first quarter valued at about $812,000. Capstone Investment Advisors LLC boosted its position in ASE Technology by 640.1% during the first quarter. Capstone Investment Advisors LLC now owns 107,192 shares of the semiconductor company’s stock worth $1,178,000 after purchasing an additional 92,708 shares during the period. Acadian Asset Management LLC increased its stake in shares of ASE Technology by 89.7% in the first quarter. Acadian Asset Management LLC now owns 9,861,612 shares of the semiconductor company’s stock worth $108,364,000 after purchasing an additional 4,664,258 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of ASE Technology in the second quarter valued at approximately $1,901,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

ASX has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. StockNews.com lowered ASE Technology from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, UBS Group upgraded ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th.

ASE Technology Price Performance

ASX stock opened at $10.39 on Friday. The firm has a 50 day moving average of $9.82 and a 200-day moving average of $10.46. The firm has a market capitalization of $22.78 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 0.65 and a beta of 1.22. ASE Technology Holding Co., Ltd. has a 12 month low of $7.33 and a 12 month high of $12.86. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $4.33 billion during the quarter. ASE Technology had a net margin of 5.38% and a return on equity of 9.90%. During the same period in the previous year, the business earned $0.12 earnings per share. As a group, sell-side analysts predict that ASE Technology Holding Co., Ltd. will post 0.51 earnings per share for the current fiscal year.

About ASE Technology

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.