Capital Wealth Planning LLC Cuts Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Capital Wealth Planning LLC decreased its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 248,831 shares of the semiconductor company’s stock after selling 6,239 shares during the period. Capital Wealth Planning LLC’s holdings in ASE Technology were worth $2,842,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in ASE Technology by 1,796.7% in the first quarter. Russell Investments Group Ltd. now owns 221,531 shares of the semiconductor company’s stock valued at $2,437,000 after purchasing an additional 209,851 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in ASE Technology in the first quarter valued at approximately $812,000. Capstone Investment Advisors LLC lifted its stake in ASE Technology by 640.1% in the first quarter. Capstone Investment Advisors LLC now owns 107,192 shares of the semiconductor company’s stock valued at $1,178,000 after purchasing an additional 92,708 shares during the last quarter. Virtu Financial LLC purchased a new position in ASE Technology in the fourth quarter valued at approximately $667,000. Finally, Acadian Asset Management LLC lifted its stake in ASE Technology by 89.7% in the first quarter. Acadian Asset Management LLC now owns 9,861,612 shares of the semiconductor company’s stock valued at $108,364,000 after purchasing an additional 4,664,258 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

NYSE:ASX opened at $9.66 on Monday. The stock has a market cap of $21.18 billion, a P/E ratio of 21.00, a PEG ratio of 0.63 and a beta of 1.22. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $10.10 and its two-hundred day moving average price is $10.61. ASE Technology Holding Co., Ltd. has a twelve month low of $7.25 and a twelve month high of $12.86.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $4.33 billion during the quarter. ASE Technology had a return on equity of 9.90% and a net margin of 5.38%. During the same quarter last year, the business posted $0.12 EPS. As a group, equities analysts predict that ASE Technology Holding Co., Ltd. will post 0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ASX shares. StockNews.com raised shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Thursday. Morgan Stanley cut shares of ASE Technology from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 25th.

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.