Barclays PLC Sells 158,532 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Barclays PLC lowered its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,482,632 shares of the semiconductor company’s stock after selling 158,532 shares during the period. Barclays PLC owned approximately 0.11% of ASE Technology worth $24,230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ASX. Allspring Global Investments Holdings LLC grew its stake in shares of ASE Technology by 7.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 16,023 shares of the semiconductor company’s stock worth $183,000 after buying an additional 1,046 shares during the last quarter. Beverly Hills Private Wealth LLC grew its stake in shares of ASE Technology by 5.4% in the second quarter. Beverly Hills Private Wealth LLC now owns 22,195 shares of the semiconductor company’s stock worth $253,000 after acquiring an additional 1,130 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of ASE Technology by 3.6% during the second quarter. Atomi Financial Group Inc. now owns 38,924 shares of the semiconductor company’s stock valued at $445,000 after acquiring an additional 1,345 shares in the last quarter. First Affirmative Financial Network raised its position in shares of ASE Technology by 13.7% in the 3rd quarter. First Affirmative Financial Network now owns 15,330 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 1,851 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in ASE Technology by 13.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 17,295 shares of the semiconductor company’s stock worth $198,000 after purchasing an additional 2,083 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

ASX has been the subject of a number of analyst reports. Morgan Stanley upgraded shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. StockNews.com lowered shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, UBS Group upgraded ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th.

ASE Technology Price Performance

Shares of NYSE:ASX opened at $10.16 on Friday. The business has a 50-day simple moving average of $9.93 and a two-hundred day simple moving average of $10.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18. The firm has a market cap of $22.29 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. ASE Technology Holding Co., Ltd. has a fifty-two week low of $8.10 and a fifty-two week high of $12.86.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The company had revenue of $4.96 billion for the quarter. ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. During the same quarter last year, the business posted $0.13 EPS. On average, analysts expect that ASE Technology Holding Co., Ltd. will post 0.48 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.