ASE Technology Holding Co., Ltd. (NYSE:ASX) Short Interest Down 7.8% in November

ASE Technology Holding Co., Ltd. (NYSE:ASX) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 11,000,000 shares, a decline of 7.8% from the October 31st total of 11,930,000 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 7,100,000 shares, the short-interest ratio is currently 1.5 days.

Analyst Ratings Changes

Several research analysts recently issued reports on ASX shares. UBS Group raised ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley raised ASE Technology from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th. Finally, StockNews.com downgraded ASE Technology from a “buy” rating to a “hold” rating in a report on Friday, September 20th.

Institutional Investors Weigh In On ASE Technology

Institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in ASE Technology by 7.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 16,023 shares of the semiconductor company’s stock valued at $183,000 after acquiring an additional 1,046 shares during the period. Beverly Hills Private Wealth LLC raised its stake in shares of ASE Technology by 5.4% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 22,195 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 1,130 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of ASE Technology by 3.6% in the 2nd quarter. Atomi Financial Group Inc. now owns 38,924 shares of the semiconductor company’s stock valued at $445,000 after buying an additional 1,345 shares during the period. First Affirmative Financial Network boosted its stake in shares of ASE Technology by 13.7% in the third quarter. First Affirmative Financial Network now owns 15,330 shares of the semiconductor company’s stock worth $150,000 after buying an additional 1,851 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in ASE Technology by 13.7% during the second quarter. EverSource Wealth Advisors LLC now owns 17,295 shares of the semiconductor company’s stock valued at $198,000 after acquiring an additional 2,083 shares in the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Stock Up 3.0 %

Shares of ASX stock traded up $0.29 during trading hours on Monday, reaching $10.02. 10,591,393 shares of the company’s stock were exchanged, compared to its average volume of 6,825,382. The stock’s fifty day moving average price is $9.92 and its two-hundred day moving average price is $10.31. The stock has a market cap of $21.98 billion, a PE ratio of 22.24, a PEG ratio of 0.69 and a beta of 1.22. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 0.38. ASE Technology has a 1 year low of $8.10 and a 1 year high of $12.86.

ASE Technology (NYSE:ASX) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). The company 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 period in the prior year, the firm earned $0.13 EPS. Research analysts predict that ASE Technology will post 0.48 EPS for the current 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.