Crossmark Global Holdings Inc. Lowers Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Crossmark Global Holdings Inc. cut its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,581,359 shares of the semiconductor company’s stock after selling 6,432 shares during the period. Crossmark Global Holdings Inc. owned about 0.07% of ASE Technology worth $15,434,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of ASE Technology in the 2nd quarter valued at $43,000. Fifth Third Bancorp grew its holdings 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 worth $75,000 after purchasing an additional 5,289 shares in the last quarter. Werba Rubin Papier Wealth Management bought a new stake in ASE Technology in the third quarter valued at about $100,000. Burns Matteson Capital Management LLC bought a new position in shares of ASE Technology during the first quarter worth approximately $107,000. Finally, Leo Wealth LLC acquired a new position in ASE Technology during the 3rd quarter worth about $114,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

ASE Technology stock traded down $0.27 during mid-day trading on Friday, reaching $9.88. The company’s stock had a trading volume of 4,705,483 shares, compared to its average volume of 6,581,421. The firm’s fifty day moving average price is $9.87 and its two-hundred day moving average price is $10.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18. ASE Technology Holding Co., Ltd. has a 12-month low of $7.83 and a 12-month high of $12.86. The company has a market capitalization of $21.69 billion, a P/E ratio of 21.96, a PEG ratio of 0.69 and a beta of 1.22.

ASE Technology (NYSE:ASX) last issued its earnings results on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The company had revenue of $4.96 billion during the quarter. ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. During the same quarter last year, the firm earned $0.13 EPS. Sell-side analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ASX. UBS Group raised ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th. StockNews.com cut shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, Morgan Stanley upgraded shares of 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.