Capital Wealth Planning LLC Makes New Investment in ASE Technology Holding Co., Ltd. $ASX

Capital Wealth Planning LLC purchased a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the third quarter, HoldingsChannel reports. The fund purchased 272,758 shares of the semiconductor company’s stock, valued at approximately $3,025,000.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake 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 buying an additional 2,506 shares during the period. WealthCollab LLC lifted its holdings in ASE Technology by 55.2% during the second quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 1,726 shares in the last quarter. MAI Capital Management grew its stake in ASE Technology by 2,409.6% in the second quarter. MAI Capital Management now owns 4,969 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 4,771 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ASE Technology by 537.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 4,155 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings in shares of ASE Technology by 549.8% in the second quarter. Headlands Technologies LLC now owns 5,153 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 4,360 shares in the last quarter. Institutional investors own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ASX shares. Zacks Research cut ASE Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

ASE Technology Price Performance

Shares of NYSE ASX opened at $21.49 on Friday. 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 business has a 50-day moving average of $20.99 and a 200-day moving average of $16.02. The stock has a market capitalization of $47.66 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 0.87 and a beta of 1.42. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $25.28.

ASE Technology (NYSE:ASX) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). ASE Technology had a return on equity of 12.00% and a net margin of 6.31%.The company had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.47 billion. As a group, sell-side analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

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.