Choreo LLC Lowers Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Choreo LLC cut its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 11.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,407 shares of the semiconductor company’s stock after selling 1,335 shares during the quarter. Choreo LLC’s holdings in ASE Technology were worth $106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ASX. Mirae Asset Global Investments Co. Ltd. purchased a new stake in ASE Technology in the fourth quarter valued at approximately $710,000. Ninety One UK Ltd raised its holdings in shares of ASE Technology by 14.9% in the 4th quarter. Ninety One UK Ltd now owns 123,071 shares of the semiconductor company’s stock valued at $1,239,000 after buying an additional 15,926 shares during the period. Ninety One North America Inc. lifted its stake in ASE Technology by 14.5% during the 4th quarter. Ninety One North America Inc. now owns 291,430 shares of the semiconductor company’s stock worth $2,935,000 after acquiring an additional 36,801 shares in the last quarter. First Affirmative Financial Network boosted its holdings in ASE Technology by 17.8% during the 4th quarter. First Affirmative Financial Network now owns 18,063 shares of the semiconductor company’s stock valued at $182,000 after acquiring an additional 2,733 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of ASE Technology during the fourth quarter worth about $51,000. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Trading Up 0.3 %

Shares of ASX stock opened at $10.85 on Friday. ASE Technology Holding Co., Ltd. has a fifty-two week low of $8.10 and a fifty-two week high of $12.86. The company has a 50 day moving average price of $10.29 and a 200 day moving average price of $9.96. The stock has a market capitalization of $23.81 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 0.42 and a beta of 1.17. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18.

ASE Technology (NYSE:ASX) last released its earnings results on Thursday, February 13th. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. Equities research analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current fiscal 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.