ASE Technology Holding Co., Ltd. (NYSE:ASX) Sees Significant Drop in Short Interest

ASE Technology Holding Co., Ltd. (NYSE:ASX) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 5,528,202 shares, a decrease of 27.4% from the January 15th total of 7,615,769 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,355,874 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 8,355,874 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of ASE Technology

A number of large investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its holdings in ASE Technology by 1.9% in the fourth quarter. Parallel Advisors LLC now owns 25,975 shares of the semiconductor company’s stock worth $418,000 after purchasing an additional 482 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of ASE Technology by 5.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,223 shares of the semiconductor company’s stock valued at $181,000 after purchasing an additional 589 shares during the period. Vest Financial LLC grew its holdings in ASE Technology by 5.2% during the 4th quarter. Vest Financial LLC now owns 12,954 shares of the semiconductor company’s stock valued at $209,000 after buying an additional 637 shares in the last quarter. PNC Financial Services Group Inc. increased its position in ASE Technology by 0.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 120,598 shares of the semiconductor company’s stock worth $1,942,000 after purchasing an additional 643 shares during the last quarter. Finally, Frank Rimerman Advisors LLC raised its position in shares of ASE Technology by 1.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 36,780 shares of the semiconductor company’s stock valued at $408,000 after buying an additional 650 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on ASX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, January 21st. Zacks Research lowered shares of ASE Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Nomura raised ASE Technology from a “neutral” rating to a “buy” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, ASE Technology has a consensus rating of “Hold”.

ASE Technology Stock Performance

Shares of ASX traded down $0.07 during mid-day trading on Monday, hitting $23.40. The stock had a trading volume of 7,002,459 shares, compared to its average volume of 9,464,991. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.28 and a quick ratio of 1.00. The firm has a market cap of $51.89 billion, a P/E ratio of 40.34, a PEG ratio of 0.97 and a beta of 1.48. ASE Technology has a 52 week low of $6.94 and a 52 week high of $24.33. The business has a fifty day moving average price of $18.26 and a 200-day moving average price of $14.36.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.11 EPS 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%. On average, equities research analysts expect that ASE Technology will post 0.76 EPS for the current 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.