ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Sold by Cable Hill Partners LLC

Cable Hill Partners LLC decreased its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,611 shares of the semiconductor company’s stock after selling 2,100 shares during the period. Cable Hill Partners LLC’s holdings in ASE Technology were worth $377,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of ASE Technology by 29.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,317 shares of the semiconductor company’s stock worth $300,000 after buying an additional 6,225 shares during the period. Janney Montgomery Scott LLC grew its stake in ASE Technology by 42.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 45,785 shares of the semiconductor company’s stock valued at $503,000 after buying an additional 13,560 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in ASE Technology by 29.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 68,475 shares of the semiconductor company’s stock worth $753,000 after acquiring an additional 15,414 shares during the period. Russell Investments Group Ltd. lifted its position in 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 worth $2,437,000 after acquiring an additional 209,851 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in ASE Technology by 9.7% during the first quarter. US Bancorp DE now owns 362,254 shares of the semiconductor company’s stock valued at $3,981,000 after acquiring an additional 31,930 shares during the period. Institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Up 1.3 %

Shares of ASX opened at $9.63 on Thursday. ASE Technology Holding Co., Ltd. has a 12 month low of $8.10 and a 12 month high of $12.86. The stock has a market cap of $21.14 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 0.67 and a beta of 1.22. The company has a 50-day moving average price of $9.88 and a two-hundred day moving average price of $10.37. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.38.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). The firm had revenue of $4.96 billion for the quarter. ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. During the same quarter last year, the company earned $0.13 earnings per share. Equities analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

ASE Technology Company Profile

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.