ASE Technology Holding Co., Ltd. $ASX Shares Purchased by Abacus Wealth Partners LLC

by · The Cerbat Gem

Abacus Wealth Partners LLC raised its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX – Free Report) by 387.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 55,864 shares of the semiconductor company’s stock after buying an additional 44,414 shares during the period. Abacus Wealth Partners LLC’s holdings in ASE Technology were worth $899,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC purchased a new position in shares of ASE Technology during the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC raised its stake in shares of ASE Technology by 1,704.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 2,506 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of ASE Technology during the 4th quarter valued at about $32,000. SBI Securities Co. Ltd. raised its stake in shares of ASE Technology by 256.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 1,795 shares during the last quarter. Finally, WealthCollab LLC raised its stake in shares of ASE Technology by 55.2% during the 2nd quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 1,726 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Price Performance

NYSE:ASX opened at $33.80 on Friday. ASE Technology Holding Co., Ltd. has a 52 week low of $9.23 and a 52 week high of $35.71. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $75.15 billion, a PE ratio of 49.70, a price-to-earnings-growth ratio of 0.68 and a beta of 1.68. The stock’s 50-day moving average price is $26.30 and its 200-day moving average price is $20.78.

ASE Technology (NYSE:ASX – Get Free Report) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%.The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.32 billion. As a group, equities analysts expect that ASE Technology Holding Co., Ltd. will post 1.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ASX has been the subject of a number of recent research reports. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Zacks Research upgraded ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

View Our Latest Stock Report on ASX

About ASE Technology

(Free Report)

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.

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