Shares of ASE Technology Holding Co Ltd (NYSE:ASX) have been given an average rating of “Buy” by the seven research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $5.00.
ASX has been the topic of a number of analyst reports. ValuEngine cut shares of ASE Technology from a “sell” rating to a “strong sell” rating in a research note on Monday, May 18th. Zacks Investment Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating and set a $5.00 price target on the stock in a research note on Friday, May 1st.
Institutional investors and hedge funds have recently made changes to their positions in the business. Atlas Capital Advisors LLC acquired a new stake in ASE Technology during the 4th quarter worth $37,000. Marks Group Wealth Management Inc acquired a new stake in ASE Technology during the 1st quarter worth $40,000. Sontag Advisory LLC boosted its stake in ASE Technology by 23.8% during the 1st quarter. Sontag Advisory LLC now owns 12,748 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 2,452 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in ASE Technology during the 1st quarter worth $56,000. Finally, Marshall Wace North America L.P. acquired a new stake in ASE Technology during the 1st quarter worth $61,000. 4.77% of the stock is currently owned by institutional investors.
Shares of NYSE ASX opened at $4.15 on Friday. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 0.41 and a beta of 1.10. ASE Technology has a 12 month low of $3.17 and a 12 month high of $5.70. The firm’s 50 day simple moving average is $4.18 and its 200-day simple moving average is $4.75. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.25 and a quick ratio of 0.96.
About ASE Technology
ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services (EMS) in the United States, Taiwan, Asia, Europe, and internationally. The company offers packaging services, including flip-chip ball grid array (BGA), flip-chip chip scale package (fcCSP), advanced chip scale packages (aCSP), quad flat packages, thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, and 3D chip packages; stacked die solutions in various package types; and copper and silver wire bonding solutions, as well as module-based solutions.
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