Sanctuary Advisors LLC Sells 2,484 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Sanctuary Advisors LLC decreased its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 1.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,936 shares of the semiconductor company’s stock after selling 2,484 shares during the period. Sanctuary Advisors LLC’s holdings in ASE Technology were worth $1,628,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp raised its position in shares of ASE Technology by 423.8% in the 2nd quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 5,289 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of ASE Technology by 7.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 16,023 shares of the semiconductor company’s stock valued at $183,000 after buying an additional 1,046 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of ASE Technology by 3.6% in the 2nd quarter. Atomi Financial Group Inc. now owns 38,924 shares of the semiconductor company’s stock valued at $445,000 after buying an additional 1,345 shares in the last quarter. Lester Murray Antman dba SimplyRich purchased a new position in shares of ASE Technology in the 2nd quarter worth approximately $202,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of ASE Technology during the 2nd quarter worth approximately $2,997,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

Shares of ASX stock opened at $9.91 on Friday. The stock has a market cap of $21.75 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. ASE Technology Holding Co., Ltd. has a 52-week low of $8.10 and a 52-week high of $12.86. The business has a 50-day simple moving average of $9.94 and a 200-day simple moving average of $10.23. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.38.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). The company had revenue of $4.96 billion during the quarter. ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. During the same quarter in the previous year, the company posted $0.13 EPS. On average, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ASX shares. StockNews.com downgraded shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. UBS Group upgraded ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley upgraded ASE Technology from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.

About ASE Technology

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.