Natixis Advisors LLC Acquires 42,623 Shares of ASE Technology Holding Co., Ltd. $ASX

Natixis Advisors LLC grew its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,543,138 shares of the semiconductor company’s stock after acquiring an additional 42,623 shares during the quarter. Natixis Advisors LLC’s holdings in ASE Technology were worth $40,945,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Bank of America Corp DE boosted its position in shares of ASE Technology by 9.6% in the third quarter. Bank of America Corp DE now owns 9,661,484 shares of the semiconductor company’s stock valued at $107,146,000 after acquiring an additional 846,300 shares during the period. UBS Group AG boosted its position in shares of ASE Technology by 11.4% in the fourth quarter. UBS Group AG now owns 9,038,322 shares of the semiconductor company’s stock valued at $145,517,000 after acquiring an additional 922,692 shares during the period. Rafferty Asset Management LLC boosted its position in shares of ASE Technology by 50.9% in the second quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock valued at $76,361,000 after acquiring an additional 2,491,918 shares during the period. Schroder Investment Management Group lifted its position in ASE Technology by 38.4% during the third quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock worth $80,787,000 after purchasing an additional 2,012,970 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position 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 period. Institutional investors own 6.80% of the company’s stock.

ASE Technology Trading Up 1.7%

ASX opened at $39.92 on Thursday. ASE Technology Holding Co., Ltd. has a twelve month low of $9.30 and a twelve month high of $41.10. The company has a 50-day simple moving average of $30.10 and a 200 day simple moving average of $22.76. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $88.75 billion, a price-to-earnings ratio of 58.70, a P/E/G ratio of 0.78 and a beta of 1.72.

ASE Technology (NYSE:ASX) last issued its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.32 billion. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%. Analysts predict that ASE Technology Holding Co., Ltd. will post 1.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on ASX. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research report 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 assigned a Hold rating to the company’s stock. According to 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.