West Family Investments Inc. Increases Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

West Family Investments Inc. increased its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 106.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,386 shares of the semiconductor company’s stock after acquiring an additional 22,370 shares during the period. West Family Investments Inc.’s holdings in ASE Technology were worth $423,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of ASE Technology by 7.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 133,294 shares of the semiconductor company’s stock worth $1,301,000 after purchasing an additional 8,980 shares during the period. Caprock Group LLC lifted its position in ASE Technology by 5.9% in the third quarter. Caprock Group LLC now owns 91,688 shares of the semiconductor company’s stock worth $895,000 after buying an additional 5,074 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in ASE Technology by 9.1% during the third quarter. Thrivent Financial for Lutherans now owns 132,583 shares of the semiconductor company’s stock worth $1,294,000 after buying an additional 11,063 shares during the period. OneDigital Investment Advisors LLC boosted its stake in ASE Technology by 16.5% during the third quarter. OneDigital Investment Advisors LLC now owns 17,193 shares of the semiconductor company’s stock worth $168,000 after buying an additional 2,431 shares during the period. Finally, Mizuho Securities Co. Ltd. bought a new position in ASE Technology during the third quarter valued at $1,791,000. 6.80% of the stock is owned by institutional investors.

ASE Technology Price Performance

ASE Technology stock opened at $9.87 on Wednesday. The firm has a 50-day moving average of $9.92 and a two-hundred day moving average of $10.35. The stock has a market cap of $21.65 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 0.67 and a beta of 1.22. ASE Technology Holding Co., Ltd. has a 1 year low of $8.10 and a 1 year high of $12.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89.

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

Analysts Set New Price Targets

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

ASE Technology 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.