ASE Technology Holding Co., Ltd. $ASX Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in ASE Technology Holding Co., Ltd. (NYSE:ASXFree Report) by 23.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,239 shares of the semiconductor company’s stock after selling 24,897 shares during the quarter. Federated Hermes Inc.’s holdings in ASE Technology were worth $879,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. WealthCollab LLC lifted its stake in shares of ASE Technology by 55.2% in the 2nd quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 1,726 shares in the last quarter. Farther Finance Advisors LLC lifted its position in ASE Technology by 76.7% during the third quarter. Farther Finance Advisors LLC now owns 4,852 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 2,106 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of ASE Technology by 537.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 4,155 shares in the last quarter. MAI Capital Management raised its stake in shares of ASE Technology by 2,409.6% in the 2nd quarter. MAI Capital Management now owns 4,969 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 4,771 shares during the period. Finally, Headlands Technologies LLC raised its stake in shares of ASE Technology by 549.8% in the 2nd quarter. Headlands Technologies LLC now owns 5,153 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 4,360 shares during the period. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology News Roundup

Here are the key news stories impacting ASE Technology this week:

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Nomura upgraded ASE Technology from a “neutral” rating to a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a research report on Wednesday, January 21st. Zacks Research lowered ASE Technology from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, ASE Technology presently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on ASE Technology

ASE Technology Price Performance

Shares of NYSE ASX opened at $20.94 on Friday. The business has a 50 day moving average price of $17.32 and a two-hundred day moving average price of $13.77. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $21.42. The firm has a market cap of $46.45 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 0.86 and a beta of 1.48. 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:ASXGet Free Report) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.47 billion. ASE Technology had a net margin of 6.31% and a return on equity of 12.39%. Sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for ASE Technology (NYSE:ASX)

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