ASE Technology Holding Co Ltd (ASX) Given Average Recommendation of “Hold” by Analysts

ASE Technology Holding Co Ltd (NYSE:ASX) has earned a consensus rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company.

Several equities analysts have commented on the stock. Zacks Investment Research cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. CLSA raised shares of ASE Technology to a “buy” rating in a research note on Tuesday, April 2nd. Finally, ValuEngine raised shares of ASE Technology from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.

Shares of ASX stock traded down $0.19 during trading hours on Friday, reaching $4.65. The stock had a trading volume of 1,562,009 shares, compared to its average volume of 751,115. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.65. ASE Technology has a twelve month low of $3.46 and a twelve month high of $8.00. The stock has a market cap of $10.04 billion, a PE ratio of 11.92 and a beta of 0.89.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Wednesday, January 30th. The semiconductor company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.01). ASE Technology had a return on equity of 11.81% and a net margin of 6.83%. The firm had revenue of $3.70 billion during the quarter. Equities analysts forecast that ASE Technology will post 0.35 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP boosted its holdings in shares of ASE Technology by 366.9% in the fourth quarter. Two Sigma Investments LP now owns 216,965 shares of the semiconductor company’s stock worth $814,000 after buying an additional 170,499 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of ASE Technology by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 264,488 shares of the semiconductor company’s stock worth $1,278,000 after purchasing an additional 12,800 shares during the period. Navellier & Associates Inc boosted its holdings in shares of ASE Technology by 90.1% during the fourth quarter. Navellier & Associates Inc now owns 13,704 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 6,496 shares during the period. LPL Financial LLC boosted 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 worth $162,000 after purchasing an additional 15,757 shares during the period. Finally, Wetherby Asset Management Inc. boosted its holdings in shares of ASE Technology by 3.0% during the fourth quarter. Wetherby Asset Management Inc. now owns 138,271 shares of the semiconductor company’s stock worth $518,000 after purchasing an additional 4,070 shares during the period. 5.47% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd. engages in the provision of semiconductor manufacturing services in assembly and test. The firm develops and offers turnkey solutions for the front-end engineering test, wafer probing and final test, as well IC packaging, materials and electronic manufactures services.

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