Posted by admin on May 17th, 2022

ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Rating) has received an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $8.10.

Several research firms have recently weighed in on ASX. StockNews.com raised ASE Technology from a “hold” rating to a “buy” rating in a report on Saturday, April 23rd. Zacks Investment Research downgraded ASE Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th.

ASX stock opened at $6.50 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $14.26 billion, a PE ratio of 5.91, a P/E/G ratio of 0.29 and a beta of 1.02. ASE Technology has a 12-month low of $6.18 and a 12-month high of $9.62. The business’s fifty day moving average price is $6.91 and its 200 day moving average price is $7.25.

ASE Technology (NYSE:ASX – Get Rating) last released its earnings results on Thursday, April 28th. The semiconductor company reported $0.21 EPS for the quarter. The firm had revenue of $5.16 billion during the quarter. ASE Technology had a return on equity of 26.31% and a net margin of 11.49%. Research analysts predict that ASE Technology will post 0.87 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in shares of ASE Technology by 35.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,590,610 shares of the semiconductor company’s stock valued at $11,278,000 after acquiring an additional 419,902 shares in the last quarter. Cable Hill Partners LLC boosted its stake in ASE Technology by 34.1% in the first quarter. Cable Hill Partners LLC now owns 18,749 shares of the semiconductor company’s stock valued at $133,000 after acquiring an additional 4,766 shares during the period. Ethic Inc. boosted its stake in ASE Technology by 32.2% in the first quarter. Ethic Inc. now owns 261,025 shares of the semiconductor company’s stock valued at $1,851,000 after acquiring an additional 63,538 shares during the period. Clark Capital Management Group Inc. boosted its stake in ASE Technology by 16.2% in the first quarter. Clark Capital Management Group Inc. now owns 5,581,503 shares of the semiconductor company’s stock valued at $39,573,000 after acquiring an additional 779,885 shares during the period. Finally, UBS Group AG raised its holdings in shares of ASE Technology by 0.5% during the first quarter. UBS Group AG now owns 6,715,817 shares of the semiconductor company’s stock valued at $47,615,000 after buying an additional 34,421 shares during the last quarter. 6.48% of the stock is currently owned by institutional investors and hedge funds.

About ASE Technology (Get Rating)

ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It offers packaging services, including flip chip ball grid array (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packages, low profile and thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, and 3D chip packages; stacked die solutions in various packages; and copper and silver wire bonding solutions.

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