Blue Trust Inc. Cuts Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Blue Trust Inc. reduced its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 49.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,333 shares of the semiconductor company’s stock after selling 78,786 shares during the period. Blue Trust Inc.’s holdings in ASE Technology were worth $819,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of ASE Technology by 3.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 114,013 shares of the semiconductor company’s stock worth $1,143,000 after acquiring an additional 4,200 shares during the period. Cambiar Investors LLC purchased a new position in shares of ASE Technology during the 4th quarter worth about $168,000. Savant Capital LLC lifted its holdings in shares of ASE Technology by 23.5% during the 4th quarter. Savant Capital LLC now owns 20,775 shares of the semiconductor company’s stock worth $209,000 after acquiring an additional 3,952 shares during the period. Kestra Private Wealth Services LLC purchased a new position in shares of ASE Technology during the 4th quarter worth about $732,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ASE Technology during the 4th quarter worth about $710,000. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Stock Up 0.3 %

ASX opened at $10.85 on Monday. The firm has a 50 day moving average price of $10.29 and a 200 day moving average price of $9.96. The company has a market cap of $23.81 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 0.42 and a beta of 1.17. ASE Technology Holding Co., Ltd. has a 1 year low of $8.10 and a 1 year high of $12.86. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18.

ASE Technology (NYSE:ASX) last posted its earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. Sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current year.

ASE Technology Company Profile

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.