Desjardins Global Asset Management Inc. Sells 3,488 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Desjardins Global Asset Management Inc. cut its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 10.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 28,709 shares of the semiconductor company’s stock after selling 3,488 shares during the period. Desjardins Global Asset Management Inc.’s holdings in ASE Technology were worth $270,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealth Alliance increased its stake in shares of ASE Technology by 10.6% in the fourth quarter. Wealth Alliance now owns 25,931 shares of the semiconductor company’s stock valued at $244,000 after buying an additional 2,483 shares during the period. DGS Capital Management LLC increased its stake in shares of ASE Technology by 7.6% in the fourth quarter. DGS Capital Management LLC now owns 56,281 shares of the semiconductor company’s stock valued at $530,000 after buying an additional 3,980 shares during the period. Simplicity Solutions LLC increased its stake in shares of ASE Technology by 4.5% in the fourth quarter. Simplicity Solutions LLC now owns 31,170 shares of the semiconductor company’s stock valued at $293,000 after buying an additional 1,353 shares during the period. Cerity Partners LLC increased its stake in shares of ASE Technology by 12.4% in the fourth quarter. Cerity Partners LLC now owns 132,258 shares of the semiconductor company’s stock valued at $1,245,000 after buying an additional 14,593 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of ASE Technology by 44.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 20,291 shares of the semiconductor company’s stock valued at $191,000 after buying an additional 6,239 shares during the period. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Trading Down 2.3 %

Shares of ASX stock opened at $10.35 on Friday. The stock has a market cap of $22.60 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 0.56 and a beta of 1.25. The stock has a 50-day moving average of $10.53 and a 200-day moving average of $9.23. The company has a current ratio of 1.16, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. ASE Technology Holding Co., Ltd. has a 1-year low of $6.70 and a 1-year high of $11.68.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. ASE Technology had a return on equity of 10.29% and a net margin of 5.44%. The company had revenue of $5.05 billion during the quarter. During the same period in the previous year, the company posted $0.23 EPS. On average, equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.67 earnings per share for the current year.

About ASE Technology

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.