E Fund Management Co. Ltd. Sells 700,000 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

E Fund Management Co. Ltd. reduced its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 30.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,600,000 shares of the semiconductor company’s stock after selling 700,000 shares during the period. ASE Technology makes up 1.0% of E Fund Management Co. Ltd.’s investment portfolio, making the stock its 18th largest holding. E Fund Management Co. Ltd. owned about 0.07% of ASE Technology worth $18,272,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Principal Securities Inc. bought a new position in ASE Technology during the 4th quarter valued at $41,000. Ashton Thomas Private Wealth LLC bought a new position in ASE Technology during the 2nd quarter valued at $43,000. Fifth Third Bancorp increased its position in shares of ASE Technology by 423.8% during 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 during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of ASE Technology during the 1st quarter valued at $107,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of ASE Technology by 36.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 11,583 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 3,103 shares during the last quarter. 6.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised ASE Technology from an “equal weight” rating to an “overweight” rating in a research report on Monday. StockNews.com raised ASE Technology from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th.

ASE Technology Trading Down 0.3 %

Shares of ASE Technology stock opened at $9.76 on Wednesday. The stock has a fifty day moving average price of $10.02 and a 200-day moving average price of $10.61. ASE Technology Holding Co., Ltd. has a 1 year low of $7.25 and a 1 year high of $12.86. The firm has a market cap of $21.40 billion, a PE ratio of 21.22, a P/E/G ratio of 0.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.17 and a quick ratio of 0.90.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. ASE Technology had a return on equity of 9.90% and a net margin of 5.38%. The company had revenue of $4.33 billion during the quarter. During the same period last year, the business posted $0.12 EPS. Equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.51 EPS for the current year.

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.