Cullen Capital Management LLC Acquires 38,646 Shares of ASE Technology Holding Co., Ltd. $ASX

Cullen Capital Management LLC lifted its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,618,822 shares of the semiconductor company’s stock after acquiring an additional 38,646 shares during the period. Cullen Capital Management LLC’s holdings in ASE Technology were worth $62,313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in ASE Technology by 154.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,746 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 1,666 shares in the last quarter. WealthCollab LLC increased its position in shares of ASE Technology by 55.2% during the second quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 1,726 shares during the period. MAI Capital Management lifted its holdings in shares of ASE Technology by 2,409.6% in the second quarter. MAI Capital Management now owns 4,969 shares of the semiconductor company’s stock worth $51,000 after buying an additional 4,771 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of ASE Technology by 537.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 4,155 shares during the period. Finally, Headlands Technologies LLC grew its stake in ASE Technology by 549.8% during the second quarter. Headlands Technologies LLC now owns 5,153 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 4,360 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ASX. Nomura upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, January 21st. Zacks Research lowered ASE Technology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Finally, Wall Street Zen cut ASE Technology from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

ASE Technology Stock Performance

ASE Technology stock opened at $18.99 on Thursday. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $20.49. The firm’s fifty day moving average price is $17.09 and its 200-day moving average price is $13.65. The stock has a market cap of $42.12 billion, a P/E ratio of 37.98, a price-to-earnings-growth ratio of 0.78 and a beta of 1.48. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 1.13.

ASE Technology Profile

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.