Legacy Wealth Asset Management LLC Sells 78,049 Shares of ASE Technology Holding Co., Ltd. $ASX

Legacy Wealth Asset Management LLC trimmed its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 31.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 172,413 shares of the semiconductor company’s stock after selling 78,049 shares during the period. ASE Technology comprises approximately 0.7% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 18th largest holding. Legacy Wealth Asset Management LLC’s holdings in ASE Technology were worth $2,776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ASX. Jones Financial Companies Lllp boosted its stake in ASE Technology by 16.9% during the 1st quarter. Jones Financial Companies Lllp now owns 13,425 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 1,943 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in ASE Technology by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock worth $50,591,000 after purchasing an additional 780,651 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of ASE Technology by 16.3% in the 2nd quarter. Geode Capital Management LLC now owns 13,576 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 1,901 shares in the last quarter. MAI Capital Management increased its position in shares of ASE Technology by 2,409.6% during the 2nd quarter. MAI Capital Management now owns 4,969 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 4,771 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in ASE Technology by 261.9% during the second quarter. Legal & General Group Plc now owns 15,647 shares of the semiconductor company’s stock worth $162,000 after buying an additional 11,324 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ASX shares. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. Zacks Research cut ASE Technology from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

ASE Technology Stock Performance

ASE Technology stock opened at $21.65 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 0.57. The stock has a market cap of $48.03 billion, a PE ratio of 37.33, a P/E/G 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 business’s 50-day moving average price is $21.47 and its two-hundred day moving average price is $16.59.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The company had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.47 billion. ASE Technology had a net margin of 6.31% and a return on equity of 12.00%. As a group, analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share 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.