Ninety One North America Inc. Has $2.94 Million Stock Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Ninety One North America Inc. raised its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 14.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 291,430 shares of the semiconductor company’s stock after buying an additional 36,801 shares during the quarter. Ninety One North America Inc.’s holdings in ASE Technology were worth $2,935,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASX. R Squared Ltd acquired a new stake in ASE Technology in the 4th quarter valued at approximately $51,000. Wilmington Savings Fund Society FSB bought a new position in shares of ASE Technology during the 3rd quarter worth approximately $77,000. GAMMA Investing LLC raised its position in ASE Technology by 28.0% in the 4th quarter. GAMMA Investing LLC now owns 9,521 shares of the semiconductor company’s stock valued at $96,000 after purchasing an additional 2,083 shares during the last quarter. Werba Rubin Papier Wealth Management bought a new position in ASE Technology in the 3rd quarter valued at $100,000. Finally, Leo Wealth LLC bought a new position in ASE Technology in the 3rd quarter valued at $114,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Stock Up 0.1 %

Shares of ASE Technology stock opened at $9.86 on Tuesday. 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 Holding Co., Ltd. has a 12 month low of $8.10 and a 12 month high of $12.86. The business has a fifty day simple moving average of $10.21 and a 200 day simple moving average of $9.97. The stock has a market cap of $21.63 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 0.42 and a beta of 1.17.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded ASE Technology from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 15th.

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.