ASE Technology (ASX) Set to Post Quarterly Earnings on Thursday

ASE Technology (NYSE:ASX) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect ASE Technology to post earnings of $0.10 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. ASE Technology had a return on equity of 10.29% and a net margin of 5.44%. The company had revenue of $5.05 billion for the quarter. During the same period last year, the firm posted $0.23 EPS. On average, analysts expect ASE Technology to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ASE Technology Stock Down 1.6 %

ASX stock opened at $10.58 on Thursday. ASE Technology has a 52 week low of $6.70 and a 52 week high of $11.68. The company has a current ratio of 1.16, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $23.10 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25. The firm’s 50-day moving average is $10.51 and its two-hundred day moving average is $9.22.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new position in shares of ASE Technology during the 3rd quarter valued at about $38,000. Employees Retirement System of Texas acquired a new position in ASE Technology during the fourth quarter valued at approximately $53,000. Russell Investments Group Ltd. raised its position in shares of ASE Technology by 212.7% in the first quarter. Russell Investments Group Ltd. now owns 7,661 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 5,211 shares during the period. Bridgefront Capital LLC acquired a new stake in shares of ASE Technology in the fourth quarter worth $64,000. Finally, Penserra Capital Management LLC boosted its holdings in shares of ASE Technology by 50.1% during the 4th quarter. Penserra Capital Management LLC now owns 10,413 shares of the semiconductor company’s stock worth $65,000 after buying an additional 3,474 shares during the period. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Company 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.