BNP Paribas Financial Markets Has $14.47 Million Stock Holdings in ASE Technology Holding Co., Ltd. $ASX

BNP Paribas Financial Markets lifted its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 59.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 898,625 shares of the semiconductor company’s stock after acquiring an additional 335,973 shares during the period. BNP Paribas Financial Markets’ holdings in ASE Technology were worth $14,468,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp increased 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 worth $118,000 after acquiring an additional 1,943 shares during the period. Goldman Sachs Group Inc. raised its position in shares of ASE Technology by 15.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock valued at $50,591,000 after buying an additional 780,651 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of ASE Technology by 16.3% during the 2nd quarter. Geode Capital Management LLC now owns 13,576 shares of the semiconductor company’s stock worth $140,000 after acquiring an additional 1,901 shares during the period. Legal & General Group Plc lifted its holdings in shares of ASE Technology by 261.9% during the 2nd quarter. Legal & General Group Plc now owns 15,647 shares of the semiconductor company’s stock worth $162,000 after acquiring an additional 11,324 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of ASE Technology by 537.5% during the 2nd 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. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Trading Down 0.1%

Shares of ASE Technology stock opened at $34.01 on Monday. The firm’s 50 day moving average is $30.67 and its 200 day moving average is $23.07. The firm has a market capitalization of $75.61 billion, a PE ratio of 50.01, a price-to-earnings-growth ratio of 0.68 and a beta of 1.72. ASE Technology Holding Co., Ltd. has a 1 year low of $9.30 and a 1 year 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 issued its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.32 billion. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. Equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 1.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One investment 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. Based on data from MarketBeat, the company presently 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.