Ethic Inc. Acquires 105,244 Shares of ASE Technology Holding Co., Ltd. $ASX

Ethic Inc. raised its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 27.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 485,839 shares of the semiconductor company’s stock after acquiring an additional 105,244 shares during the period. Ethic Inc.’s holdings in ASE Technology were worth $5,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC lifted its holdings in shares of ASE Technology by 35.0% during the 1st quarter. Acadian Asset Management LLC now owns 10,973,038 shares of the semiconductor company’s stock valued at $96,110,000 after purchasing an additional 2,842,631 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in ASE Technology by 50.9% during the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock worth $76,361,000 after buying an additional 2,491,918 shares during the period. Millennium Management LLC lifted its stake in ASE Technology by 111.1% in the first quarter. Millennium Management LLC now owns 3,836,018 shares of the semiconductor company’s stock valued at $33,604,000 after buying an additional 2,018,815 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of ASE Technology by 18.8% in the second quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock valued at $91,061,000 after buying an additional 1,397,206 shares during the period. Finally, Jump Financial LLC boosted its holdings in shares of ASE Technology by 897.5% in the second quarter. Jump Financial LLC now owns 1,366,018 shares of the semiconductor company’s stock valued at $14,111,000 after buying an additional 1,229,068 shares during the period. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Trading Up 0.1%

Shares of NYSE:ASX opened at $16.03 on Wednesday. The company’s 50-day moving average price is $14.94 and its two-hundred day moving average price is $12.18. ASE Technology Holding Co., Ltd. has a one year low of $6.94 and a one year high of $16.51. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.13 and a quick ratio of 0.88. The stock has a market capitalization of $35.56 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 0.93 and a beta of 1.46.

ASE Technology (NYSE:ASX) last released its earnings results on Thursday, October 30th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. ASE Technology had a return on equity of 10.67% and a net margin of 5.61%. On average, equities analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on ASX. Nomura upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a report on Thursday, October 30th. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a report on Saturday. Nomura Securities upgraded ASE Technology to a “strong-buy” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “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.