ASE Technology Holding Co., Ltd. (NYSE:ASX) Short Interest Update
by Tristan Rich · The Markets DailyASE Technology Holding Co., Ltd. (NYSE:ASX – Get Free Report) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 8,695,212 shares, a growth of 23.2% from the December 15th total of 7,055,543 shares. Based on an average daily volume of 5,713,605 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.5% of the shares of the company are short sold. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 5,713,605 shares, the days-to-cover ratio is presently 1.5 days.
ASE Technology Price Performance
ASE Technology stock opened at $18.90 on Wednesday. The firm has a market capitalization of $41.93 billion, a PE ratio of 37.81, a P/E/G ratio of 0.79 and a beta of 1.45. ASE Technology has a 52 week low of $6.94 and a 52 week high of $19.67. The firm’s 50-day simple moving average is $15.95 and its 200 day simple moving average is $12.97. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.64.
ASE Technology (NYSE:ASX – Get Free Report) last announced its earnings results on Thursday, October 30th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. ASE Technology had a net margin of 5.61% and a return on equity of 10.67%. On average, equities research analysts predict that ASE Technology will post 0.76 EPS for the current fiscal year.
Hedge Funds Weigh In On ASE Technology
Hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC acquired a new position in ASE Technology in the 4th quarter valued at about $27,000. Farther Finance Advisors LLC boosted its stake in shares of ASE Technology by 154.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,746 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 1,666 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of ASE Technology by 1,704.8% during the third quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock worth $30,000 after buying an additional 2,506 shares in the last quarter. WealthCollab LLC raised its position in shares of ASE Technology by 55.2% in the second 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. Finally, MAI Capital Management lifted its stake in shares of ASE Technology by 2,409.6% during the second quarter. MAI Capital Management now owns 4,969 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 4,771 shares during the period. Hedge funds and other institutional investors own 6.80% of the company’s stock.
Analysts Set New Price Targets
ASX has been the subject of several recent analyst reports. Zacks Research cut ASE Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Nomura upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a research report on Thursday, October 30th. Nomura Securities raised shares of ASE Technology to a “strong-buy” rating in a research note on Thursday, October 30th. Wall Street Zen cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
About ASE Technology
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.