Fisher Asset Management LLC Boosts Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Fisher Asset Management LLC grew its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 10.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,167,615 shares of the semiconductor company’s stock after acquiring an additional 1,481,424 shares during the quarter. Fisher Asset Management LLC owned about 0.69% of ASE Technology worth $148,036,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in ASE Technology in the second quarter worth about $43,000. Fifth Third Bancorp increased its position in shares of ASE Technology by 423.8% during the second 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 purchased a new stake in shares of ASE Technology during the 3rd quarter valued at $100,000. Leo Wealth LLC acquired a new stake in shares of ASE Technology in the 3rd quarter worth $114,000. Finally, Cetera Advisors LLC purchased a new position in ASE Technology during the 1st quarter worth $120,000. 6.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ASX has been the subject of a number of research analyst reports. UBS Group upgraded ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley raised shares of 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 note on Friday, September 20th.

ASE Technology Stock Performance

Shares of NYSE ASX opened at $9.91 on Tuesday. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 0.70 and a beta of 1.22. ASE Technology Holding Co., Ltd. has a 12 month low of $8.10 and a 12 month high of $12.86. The company has a 50 day simple moving average of $9.93 and a two-hundred day simple moving average of $10.34. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 0.38.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). The business had revenue of $4.96 billion during the quarter. ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. During the same quarter last year, the firm posted $0.13 earnings per share. As a group, analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current year.

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.