Brinker Capital Investments LLC increased its stake in ASE Holdings Co., Ltd. (NYSE:ASX – Get Rating ) grew 32.0% in the third quarter, according to its most recent disclosure to the SEC. The company owns 157,715 shares of the semiconductor company after purchasing an additional 38,269 shares during the quarter. As of a recent SEC filing, Brinker Capital Investments LLC’s holding in ASE Technology was valued at $787,000.
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Several other institutional investors and hedge funds have also bought and sold the company’s shares recently. Lazard Asset Management LLC increased its stake in ASE Technology by 15.9 percent in the first quarter. After purchasing an additional 2,225,409 shares last quarter, Lazard Asset Management LLC now owns 16,191,596 shares of the semiconductor company’s stock, worth $114,796,000. Bank of America Corp DE increased its position in ASE Technology by 8.8% in the first quarter. Bank of America Corp DE now owns 9,026,713 shares of the semiconductor company worth $63,999,000 after purchasing an additional 732,662 shares last quarter. Jane Street Group LLC increased its position in ASE Technology stock by 453.4% in the second quarter. Jane Street Group LLC now owns 804,760 shares of the semiconductor company worth $4,135,000 after purchasing an additional 659,351 shares last quarter. BlackRock increased its stake in ASE Technology by 8.1 percent in the first quarter. BlackRock now owns 8,084,915 shares of the semiconductor company worth $57,322,000 after buying an additional 606,628 shares last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in ASE Technology stock worth approximately $2,354,000 in the second quarter. 7.03% of shares are held by hedge funds and other institutional investors.
ASE shares rose 3.3%
The ASX share opened at $7.24 on Monday. ASE Technology Holdings Ltd. had a 52-week low of $4.45 and a 52-week high of $7.81. The company has a market capitalization of $15.8 billion, a price-to-earnings ratio of 5.93, and a beta of 1.19. The stock has a 50-day simple moving average of $6.57 and a 200-day simple moving average of $5.88. The company has a quick ratio of 0.85, a current ratio of 1.22, and a debt-to-equity ratio of 0.42.
ASE Technology (NYSE: ASX – Get Rating ) last reported earnings on Thursday, October 27th. The semiconductor company reported earnings per share (EPS) of $0.26 for the quarter. ASE’s return on equity was 27.84%, and its net profit margin was 11.67%. The business generated $6.21 billion in revenue during the quarter. As a whole, equity analysts forecast ASE Technology Holding Co., Ltd. earnings per share of 0.9 for the current year.
Analyst promotion and downgrade
Separately, StockNews.com upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, November 30th.
ASE Technology Introduction
ASE Technology Holdings Limited is engaged in the provision of semiconductor manufacturing services. It develops and provides complete turnkey solutions in IC (Integrated Circuit) packaging, design and production of interconnect materials, front-end engineering testing, wafer probing and final testing, and electronics manufacturing services.
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