ASE Technology Holding Co., Ltd. $ASX Shares Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 273.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 40,754 shares of the semiconductor company’s stock after purchasing an additional 29,831 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in ASE Technology were worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in ASE Technology by 16.9% during the 1st quarter. Jones Financial Companies Lllp now owns 13,425 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 1,943 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in ASE Technology by 15.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock worth $50,591,000 after acquiring an additional 780,651 shares during the period. Geode Capital Management LLC grew its stake in shares of ASE Technology by 16.3% in the second quarter. Geode Capital Management LLC now owns 13,576 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 1,901 shares in the last quarter. Legal & General Group Plc grew its stake in shares of ASE Technology by 261.9% in the second quarter. Legal & General Group Plc now owns 15,647 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 11,324 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of ASE Technology by 1,472.5% during the second quarter. Russell Investments Group Ltd. now owns 165,210 shares of the semiconductor company’s stock valued at $1,747,000 after purchasing an additional 154,704 shares during the period. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Stock Performance

Shares of NYSE ASX opened at $22.27 on Friday. ASE Technology Holding Co., Ltd. has a 1 year low of $6.94 and a 1 year high of $25.28. The firm has a market cap of $49.39 billion, a P/E ratio of 38.39, a PEG ratio of 0.92 and a beta of 1.46. The stock has a fifty day moving average price of $21.96 and a two-hundred day moving average price of $17.22. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.28.

ASE Technology (NYSE:ASX) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.47 billion. ASE Technology had a return on equity of 12.00% and a net margin of 6.31%. Research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ASX shares. Weiss Ratings restated a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Zacks Research cut shares of ASE Technology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

ASE Technology Company Profile

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.