Dimensional Fund Advisors LP Invests $9.76 Million in ASE Technology Holding Co Ltd (ASX)
Dimensional Fund Advisors LP purchased a new position in shares of ASE Technology Holding Co Ltd (NYSE:ASX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,122,315 shares of the semiconductor company’s stock, valued at approximately $9,758,000. Dimensional Fund Advisors LP owned 0.10% of ASE Technology at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. US Bancorp DE acquired a new stake in shares of ASE Technology during the 2nd quarter worth approximately $107,000. Bessemer Group Inc. acquired a new stake in shares of ASE Technology during the 2nd quarter worth approximately $143,000. Canada Pension Plan Investment Board acquired a new stake in shares of ASE Technology during the 2nd quarter worth approximately $220,000. Greenleaf Trust grew its position in shares of ASE Technology by 24.0% during the 2nd quarter. Greenleaf Trust now owns 54,816 shares of the semiconductor company’s stock worth $252,000 after buying an additional 10,615 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of ASE Technology during the 2nd quarter worth approximately $322,000. Institutional investors own 5.45% of the company’s stock.
Several research firms recently weighed in on ASX. CLSA lowered shares of ASE Technology from an “outperform” rating to an “underperform” rating in a research note on Monday, October 8th. ValuEngine lowered shares of ASE Technology from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Finally, JPMorgan Chase & Co. lowered shares of ASE Technology from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 10th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $8.25.
ASE Technology (NYSE:ASX) last released its quarterly earnings data on Friday, July 27th. The semiconductor company reported $0.18 earnings per share for the quarter. ASE Technology had a net margin of 8.50% and a return on equity of 12.63%. The business had revenue of $2.84 billion for the quarter.
ASE Technology Profile
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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