Wilmington Savings Fund Society FSB Buys New Shares in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Wilmington Savings Fund Society FSB purchased a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,843 shares of the semiconductor company’s stock, valued at approximately $77,000.

A number of other hedge funds also recently made changes to their positions in ASX. Ashton Thomas Private Wealth LLC acquired a new position in ASE Technology in the second quarter valued at $43,000. Fifth Third Bancorp lifted its stake in shares of ASE Technology by 423.8% in the 2nd quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 5,289 shares in the last quarter. Werba Rubin Papier Wealth Management purchased a new stake in shares of ASE Technology during the 3rd quarter worth about $100,000. Leo Wealth LLC acquired a new stake in ASE Technology during the 3rd quarter worth approximately $114,000. Finally, D Orazio & Associates Inc. purchased a new position in ASE Technology in the second quarter valued at approximately $126,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Price Performance

Shares of ASX stock opened at $10.00 on Friday. The firm has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $10.22. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $21.95 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. ASE Technology Holding Co., Ltd. has a twelve month low of $8.10 and a twelve month high of $12.86.

ASE Technology (NYSE:ASX) last posted its quarterly earnings data 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). The business 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 in the previous year, the company earned $0.13 EPS. Equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.