ASE Technology Holdings Ltd (NYSE:ASX – Get Rating ) was the recipient of a sharp increase in short interest in December. As of December 15, short interest totaled 7.31 million shares, an increase of 17.1% from 6.24 million shares on November 30. Based on an average volume of 9.27 million shares, the current short interest rate is 0.8 days. About 0.3% of the company’s shares were short-sold.
ASE shares fell 1.4%
The ASX share was down $0.09 on Friday to $6.27. The company’s stock volume was 3,083,026 shares compared to its average volume of 6,429,413 shares. ASE Technology had a one-year low of $4.45 and a one-year high of $8.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.22, and a quick ratio of 0.85. The company has a market cap of $13.68 billion, a P/E ratio of 5.14, a P/E ratio of 0.32, and a beta of 1.18. The company’s 50-day simple moving average is $6.13 and the 200-day simple moving average is $5.79.
ASE Technology (NYSE: ASX – Get Rating ) last reported quarterly earnings data on Thursday, October 27th. The semiconductor company reported EPS of $0.26 for the quarter. ASE’s return on equity was 27.84%, and its net profit margin was 11.67%. The company’s revenue for the quarter was $6.21 billion. Research analysts expect ASE Technology to post earnings per share of 0.86 for the 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 Institutional Transactions
A number of institutional investors have recently increased or decreased their ASX holdings. Two Sigma Investments LP increased its stake in ASE Technology by 804.5% in the third quarter. After purchasing an additional 2,560,226 shares last quarter, Two Sigma Investments LP now owns 2,878,473 shares of the semiconductor company’s stock, worth $14,364,000. Lazard Asset Management LLC increased its stake in ASE Technology by 15.9% in the first quarter. After purchasing an additional 2,225,409 shares in the previous quarter, Lazard Asset Management LLC now owns 16,191,596 shares of the semiconductor company’s stock worth $114,796,000. Marshall Wace LLP increased its stake in ASE Technology by 6,784.9% in the third quarter. Marshall Wace LLP now owns 1,884,192 shares of the semiconductor company worth $9,403,000 after purchasing an additional 1,856,825 shares last quarter. In the third quarter, Crossmark Global Holdings increased its stake in ASE by 1,748.9%. Crossmark Global Holdings now owns 1,638,990 shares of the semiconductor company worth $8,178,000 after purchasing an additional 1,550,345 shares last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in ASE by 178.7% in the third quarter. Connor Clark & Lunn Investment Management LLC now owns 1,268,515 shares of the semiconductor company worth $6,330,000 after purchasing an additional 813,286 shares last quarter. 7.03% of the shares are currently held by hedge funds and other institutional investors.
ASE Technology Holdings Limited provides a range of semiconductor packaging and testing and electronics manufacturing services in the United States, Taiwan, the rest of Asia, Europe and internationally. It provides packaging services including flip chip ball grid array (BGA) and chip scale packaging (CSP), advanced chip scale packaging, quad flat pack, thin and thin quad flat pack, bumped chip carrier and quad flat no-lead (QFN) ) ) packages, advanced QFN packages, plastic BGA and 3D chip packaging; stacking solutions in various packages; and copper and silver wire bonding solutions.
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