Commonwealth Equity Services LLC Trims Stock Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Commonwealth Equity Services LLC cut its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 29.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,915 shares of the semiconductor company’s stock after selling 4,617 shares during the quarter. Commonwealth Equity Services LLC’s holdings in ASE Technology were worth $110,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of ASE Technology by 103.8% in the third quarter. JPMorgan Chase & Co. now owns 3,571,208 shares of the semiconductor company’s stock worth $34,855,000 after buying an additional 1,818,753 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in ASE Technology during the 4th quarter worth $710,000. Y Intercept Hong Kong Ltd increased its position in shares of ASE Technology by 28.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 149,965 shares of the semiconductor company’s stock worth $1,510,000 after purchasing an additional 33,542 shares during the last quarter. Rhumbline Advisers raised its stake in shares of ASE Technology by 9.3% in the 4th quarter. Rhumbline Advisers now owns 805,764 shares of the semiconductor company’s stock valued at $8,114,000 after purchasing an additional 68,654 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in ASE Technology by 3.3% in the fourth quarter. Fisher Asset Management LLC now owns 15,674,623 shares of the semiconductor company’s stock worth $157,843,000 after purchasing an additional 507,008 shares in the last quarter. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Stock Down 6.0 %

Shares of ASE Technology stock opened at $7.85 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.19 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $9.68 and a 200 day moving average price of $9.94. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $12.86. The firm has a market cap of $17.32 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.47 and a beta of 1.21.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. On average, sell-side analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

ASE Technology Company Profile

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.