Cubist Systematic Strategies LLC Purchases Shares of 23,875 ASE Technology Holding Co Ltd (ASX)

Cubist Systematic Strategies LLC purchased a new stake in shares of ASE Technology Holding Co Ltd (NYSE:ASX) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 23,875 shares of the semiconductor company’s stock, valued at approximately $110,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ASX. Fisher Asset Management LLC increased its stake in ASE Technology by 16.9% during the second quarter. Fisher Asset Management LLC now owns 40,377,735 shares of the semiconductor company’s stock valued at $185,738,000 after acquiring an additional 5,846,796 shares during the period. Fulton Bank N.A. increased its stake in ASE Technology by 30.4% during the second quarter. Fulton Bank N.A. now owns 92,896 shares of the semiconductor company’s stock valued at $427,000 after acquiring an additional 21,632 shares during the period. Cambiar Investors LLC increased its stake in ASE Technology by 25.6% during the second quarter. Cambiar Investors LLC now owns 106,032 shares of the semiconductor company’s stock valued at $488,000 after acquiring an additional 21,605 shares during the period. Janney Montgomery Scott LLC increased its stake in ASE Technology by 23.2% during the second quarter. Janney Montgomery Scott LLC now owns 89,271 shares of the semiconductor company’s stock valued at $411,000 after acquiring an additional 16,799 shares during the period. Finally, Wetherby Asset Management Inc. increased its stake in ASE Technology by 21.6% during the second quarter. Wetherby Asset Management Inc. now owns 140,848 shares of the semiconductor company’s stock valued at $648,000 after acquiring an additional 25,007 shares during the period. Hedge funds and other institutional investors own 5.45% of the company’s stock.

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered ASE Technology from an “overweight” rating to a “neutral” rating in a research note on Wednesday. CLSA lowered ASE Technology from an “outperform” rating to an “underperform” rating in a research note on Monday, October 8th. Finally, ValuEngine lowered ASE Technology from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $8.25.

ASX stock opened at $4.11 on Friday. ASE Technology Holding Co Ltd has a 1-year low of $4.02 and a 1-year high of $8.00. The company has a market capitalization of $10.55 billion, a PE ratio of 12.09 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.11.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Friday, July 27th. The semiconductor company reported $0.18 earnings per share for the quarter. ASE Technology had a return on equity of 12.63% and a net margin of 8.50%. The company had revenue of $2.84 billion for the quarter.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services (EMS) in the United States, Taiwan, Asia, Europe, and internationally. The company offers packaging services, including flip-chip ball grid array (BGA), flip-chip chip scale package (fcCSP), advanced chip scale packages (aCSP), quad flat packages, thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, high-band package on package, and 3D chip packages; stacked die solutions in various package types; and copper wire and silver bonding solutions, as well as module-based solutions.

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Institutional Ownership by Quarter for ASE Technology (NYSE:ASX)

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