Global Retirement Partners LLC Acquires 64,944 Shares of ASE Technology Holding Co., Ltd. $ASX

Global Retirement Partners LLC raised its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 1,096.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,865 shares of the semiconductor company’s stock after acquiring an additional 64,944 shares during the period. Global Retirement Partners LLC’s holdings in ASE Technology were worth $1,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ASX. Nisa Investment Advisors LLC acquired a new stake in shares of ASE Technology in the 4th quarter valued at $27,000. Smartleaf Asset Management LLC raised its holdings in ASE Technology by 1,704.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 2,506 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of ASE Technology in the 4th quarter valued at about $32,000. SBI Securities Co. Ltd. lifted its position in shares of ASE Technology by 256.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 1,795 shares during the period. Finally, WealthCollab LLC raised its stake in ASE Technology by 55.2% during the 2nd quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock worth $50,000 after buying an additional 1,726 shares during the period. Institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Up 0.2%

ASX opened at $34.87 on Tuesday. The firm has a market capitalization of $77.52 billion, a P/E ratio of 51.27, a price-to-earnings-growth ratio of 0.70 and a beta of 1.68. ASE Technology Holding Co., Ltd. has a one year low of $9.23 and a one year high of $35.71. The company has a fifty day moving average price of $27.64 and a 200-day moving average price of $21.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89.

ASE Technology (NYSE:ASX) last announced its earnings results 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 net margin of 7.03% and a return on equity of 13.48%. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.32 billion. Equities research analysts expect that ASE Technology Holding Co., Ltd. will post 1.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ASX shares. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Zacks Research upgraded ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

ASE Technology Company 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.