Wells Fargo & Company MN lowered its holdings in ASE Technology Holding Co Ltd (NYSE:ASX) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,270,667 shares of the semiconductor company’s stock after selling 152,487 shares during the quarter. Wells Fargo & Company MN’s holdings in ASE Technology were worth $15,797,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE purchased a new stake in ASE Technology in the 2nd quarter worth approximately $107,000. Cubist Systematic Strategies LLC bought a new position in shares of ASE Technology in the 2nd quarter worth approximately $110,000. Signaturefd LLC bought a new position in shares of ASE Technology in the 2nd quarter worth approximately $119,000. PNC Financial Services Group Inc. bought a new position in shares of ASE Technology in the 2nd quarter worth approximately $136,000. Finally, Capital Fund Management S.A. bought a new position in shares of ASE Technology in the 2nd quarter worth approximately $143,000. Institutional investors and hedge funds own 5.57% of the company’s stock.
ASX stock opened at $4.01 on Thursday. ASE Technology Holding Co Ltd has a twelve month low of $3.54 and a twelve month high of $8.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 0.80. The company has a market cap of $8.76 billion, a P/E ratio of 11.79 and a beta of 1.02.
Several research analysts have recently issued reports on ASX shares. Zacks Investment Research raised ASE Technology from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research report on Wednesday, November 28th. JPMorgan Chase & Co. lowered ASE Technology from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 10th. ValuEngine lowered ASE Technology from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. Finally, CLSA lowered ASE Technology from an “outperform” rating to an “underperform” rating in a research report on Monday, October 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. ASE Technology has an average rating of “Hold” and a consensus target price of $4.25.
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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