ASE Technology (ASX) Stock Price Up 8.6%

Shares of ASE Technology Holding Co Ltd (NYSE:ASX) rose 8.6% during trading on Wednesday . The company traded as high as $4.04 and last traded at $4.03. Approximately 1,948,890 shares changed hands during mid-day trading, an increase of 167% from the average daily volume of 729,731 shares. The stock had previously closed at $3.71.

A number of equities analysts have issued reports on ASX shares. JPMorgan Chase & Co. downgraded ASE Technology from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 10th. Zacks Investment Research upgraded ASE Technology from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a report on Wednesday. ValuEngine downgraded ASE Technology from a “hold” rating to a “sell” rating in a report on Saturday, October 6th. Finally, CLSA downgraded ASE Technology from an “outperform” rating to an “underperform” rating in a report on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $4.25.

The company has a quick ratio of 0.80, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $8.80 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01.

ASE Technology (NYSE:ASX) last posted its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $3.51 billion during the quarter. ASE Technology had a return on equity of 12.40% and a net margin of 7.65%. Equities analysts expect that ASE Technology Holding Co Ltd will post 0.38 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of ASE Technology by 2.5% during the third quarter. Vanguard Group Inc. now owns 1,687,374 shares of the semiconductor company’s stock valued at $8,150,000 after acquiring an additional 41,421 shares in the last quarter. Henry James International Management Inc. bought a new position in shares of ASE Technology during the third quarter valued at $161,000. LPL Financial LLC increased its holdings in shares of ASE Technology by 88.4% during the third quarter. LPL Financial LLC now owns 33,572 shares of the semiconductor company’s stock valued at $162,000 after acquiring an additional 15,757 shares in the last quarter. Advisory Research Inc. bought a new position in shares of ASE Technology during the third quarter valued at $1,072,000. Finally, FDx Advisors Inc. bought a new position in shares of ASE Technology during the third quarter valued at $111,000. Institutional investors and hedge funds own 5.65% of the company’s stock.

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ASE Technology Company Profile (NYSE:ASX)

ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services (EMS) in the United States, Taiwan, Asia, Europe, and internationally. The company offers packaging services, including flip-chip ball grid array (BGA), flip-chip chip scale package (fcCSP), advanced chip scale packages (aCSP), quad flat packages, thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, high-band package on package, and 3D chip packages; stacked die solutions in various package types; and copper wire and silver bonding solutions, as well as module-based solutions.

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