ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Sold by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. decreased its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,651 shares of the semiconductor company’s stock after selling 1,384 shares during the period. Bridgewater Advisors Inc.’s holdings in ASE Technology were worth $230,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Russell Investments Group Ltd. grew its holdings in ASE Technology by 1,796.7% during the first quarter. Russell Investments Group Ltd. now owns 221,531 shares of the semiconductor company’s stock worth $2,437,000 after acquiring an additional 209,851 shares during the period. Acadian Asset Management LLC increased its holdings in shares of ASE Technology by 89.7% in the 1st quarter. Acadian Asset Management LLC now owns 9,861,612 shares of the semiconductor company’s stock valued at $108,364,000 after purchasing an additional 4,664,258 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of ASE Technology in the second quarter valued at about $1,901,000. O Shaughnessy Asset Management LLC grew its position in ASE Technology by 35.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 524,243 shares of the semiconductor company’s stock worth $5,761,000 after buying an additional 137,164 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its holdings in ASE Technology by 12.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 544,797 shares of the semiconductor company’s stock valued at $6,222,000 after buying an additional 61,992 shares in the last quarter. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Price Performance

NYSE:ASX opened at $9.71 on Thursday. The firm has a market cap of $21.31 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 0.63 and a beta of 1.22. ASE Technology Holding Co., Ltd. has a 12-month low of $7.83 and a 12-month high of $12.86. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average is $9.86 and its two-hundred day moving average is $10.38.

ASE Technology (NYSE:ASX) last released its earnings results on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. The firm had revenue of $4.96 billion during the quarter. During the same period in the prior year, the firm earned $0.13 earnings per share. Research analysts expect that ASE Technology Holding Co., Ltd. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.