ASE Technology Holding Co., Ltd. (NYSE:ASX) Short Interest Update

ASE Technology Holding Co., Ltd. (NYSE:ASX) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 5,671,154 shares, an increase of 18.2% from the March 31st total of 4,796,241 shares. Based on an average trading volume of 6,064,222 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ninety One North America Inc. lifted its position in shares of ASE Technology by 82.3% during the 3rd quarter. Ninety One North America Inc. now owns 496,795 shares of the semiconductor company’s stock valued at $5,509,000 after buying an additional 224,267 shares in the last quarter. American Century Companies Inc. lifted its position in shares of ASE Technology by 15.6% during the 3rd quarter. American Century Companies Inc. now owns 3,674,784 shares of the semiconductor company’s stock valued at $40,753,000 after buying an additional 494,569 shares in the last quarter. JPMorgan Chase & Co. raised its stake in ASE Technology by 55.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,958,901 shares of the semiconductor company’s stock valued at $32,814,000 after purchasing an additional 1,057,046 shares during the period. Capula Management Ltd raised its stake in ASE Technology by 200.4% during the 3rd quarter. Capula Management Ltd now owns 650,494 shares of the semiconductor company’s stock valued at $7,214,000 after purchasing an additional 433,965 shares during the period. Finally, Schroder Investment Management Group raised its stake in ASE Technology by 38.4% during the 3rd quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock valued at $80,787,000 after purchasing an additional 2,012,970 shares during the period. 6.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of ASE Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

ASE Technology Stock Performance

Shares of ASX stock traded up $0.18 during trading hours on Friday, reaching $31.59. 4,323,353 shares of the company traded hands, compared to its average volume of 6,804,394. ASE Technology has a 12-month low of $8.88 and a 12-month high of $32.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.26 and a quick ratio of 1.00. The company has a market cap of $70.23 billion, a P/E ratio of 46.45, a P/E/G ratio of 1.30 and a beta of 1.68. The firm has a 50-day moving average price of $24.40 and a 200 day moving average price of $19.35.

ASE Technology (NYSE:ASX) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. ASE Technology had a return on equity of 13.76% and a net margin of 7.03%.The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.32 billion. As a group, sell-side analysts predict that ASE Technology will post 0.77 earnings per share for the current fiscal year.

About ASE Technology

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.