Pinpoint Asset Management Singapore Pte. Ltd. Invests $1.42 Million in ASE Technology Holding Co., Ltd. $ASX

Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 128,247 shares of the semiconductor company’s stock, valued at approximately $1,422,000.

A number of other large investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC raised its holdings in ASE Technology by 1.8% during the third quarter. Frank Rimerman Advisors LLC now owns 36,780 shares of the semiconductor company’s stock valued at $408,000 after acquiring an additional 650 shares during the period. Global Retirement Partners LLC boosted its stake in shares of ASE Technology by 16.1% in the third quarter. Global Retirement Partners LLC now owns 5,921 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 823 shares during the period. CWM LLC grew its position in shares of ASE Technology by 5.0% during the third quarter. CWM LLC now owns 17,578 shares of the semiconductor company’s stock worth $195,000 after purchasing an additional 838 shares in the last quarter. MGO One Seven LLC grew its position in shares of ASE Technology by 8.7% during the third quarter. MGO One Seven LLC now owns 10,906 shares of the semiconductor company’s stock worth $121,000 after purchasing an additional 872 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in ASE Technology by 12.2% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,454 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 917 shares during the period. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ASX. Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, January 21st. Wall Street Zen cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research downgraded shares of ASE Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

ASE Technology Trading Down 4.2%

Shares of ASX stock opened at $21.13 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $46.87 billion, a price-to-earnings ratio of 36.43, a price-to-earnings-growth ratio of 0.88 and a beta of 1.41. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $25.28. The stock’s 50-day moving average price is $20.45 and its 200-day moving average price is $15.69.

ASE Technology (NYSE:ASX) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09). The firm had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.47 billion. ASE Technology had a net margin of 6.31% and a return on equity of 12.00%. Equities research analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

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.