Eurizon Capital SGR S.p.A. Acquires New Stake in ASE Technology Holding Co., Ltd. $ASX

Eurizon Capital SGR S.p.A. acquired a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 165,722 shares of the semiconductor company’s stock, valued at approximately $2,653,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ASX. Nisa Investment Advisors LLC bought a new position in ASE Technology during the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC increased its position in ASE Technology by 1,704.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 2,506 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in ASE Technology during the 4th quarter valued at approximately $32,000. SBI Securities Co. Ltd. increased its position in ASE Technology by 256.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 1,795 shares in the last quarter. Finally, WealthCollab LLC increased its position in ASE Technology by 55.2% during the 2nd quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 1,726 shares in the last quarter. Institutional investors own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ASX. Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

ASE Technology Stock Up 2.8%

ASE Technology stock opened at $39.25 on Wednesday. The firm has a market cap of $87.27 billion, a price-to-earnings ratio of 57.72, a PEG ratio of 0.76 and a beta of 1.72. The stock has a fifty day simple moving average of $29.38 and a two-hundred day simple moving average of $22.41. ASE Technology Holding Co., Ltd. has a 12 month low of $9.26 and a 12 month high of $41.10. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53.

ASE Technology (NYSE:ASX) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.32 billion. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%. Equities analysts predict that ASE Technology Holding Co., Ltd. will post 1.05 EPS for the current fiscal year.

ASE Technology 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.