Beverly Hills Private Wealth LLC Sells 24,789 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Beverly Hills Private Wealth LLC cut its stake in ASE Technology Holding Co., Ltd. (NYSE:ASXFree Report) by 52.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,437 shares of the semiconductor company’s stock after selling 24,789 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in ASE Technology were worth $169,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ASX. Lazard Asset Management LLC raised its position in shares of ASE Technology by 44.2% in the second quarter. Lazard Asset Management LLC now owns 30,745,187 shares of the semiconductor company’s stock valued at $239,504,000 after purchasing an additional 9,418,840 shares during the period. Barclays PLC raised its position in shares of ASE Technology by 215.4% in the second quarter. Barclays PLC now owns 1,879,638 shares of the semiconductor company’s stock valued at $14,642,000 after purchasing an additional 1,283,718 shares during the period. Rhumbline Advisers bought a new position in shares of ASE Technology in the second quarter valued at about $9,269,000. Goldman Sachs Group Inc. raised its position in shares of ASE Technology by 70.2% in the second quarter. Goldman Sachs Group Inc. now owns 2,456,785 shares of the semiconductor company’s stock valued at $19,138,000 after purchasing an additional 1,013,052 shares during the period. Finally, BlackRock Inc. grew its stake in shares of ASE Technology by 11.8% in the second quarter. BlackRock Inc. now owns 8,226,038 shares of the semiconductor company’s stock valued at $64,081,000 after acquiring an additional 866,926 shares in the last quarter. 7.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Friday, November 10th.

View Our Latest Analysis on ASE Technology

ASE Technology Trading Up 2.0 %

Shares of ASE Technology stock opened at $9.62 on Friday. The company has a market capitalization of $21.00 billion, a price-to-earnings ratio of 20.46 and a beta of 1.24. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.32. ASE Technology Holding Co., Ltd. has a 12-month low of $6.70 and a 12-month high of $9.77. The firm’s 50-day moving average price is $9.06 and its two-hundred day moving average price is $8.28.

ASE Technology (NYSE:ASXGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. ASE Technology had a net margin of 5.44% and a return on equity of 10.31%. The company had revenue of $5.05 billion for the quarter. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, analysts forecast that ASE Technology Holding Co., Ltd. will post 0.67 earnings per share for the current fiscal year.

ASE Technology Profile

(Free Report)

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; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.

Featured Stories

Institutional Ownership by Quarter for ASE Technology (NYSE:ASX)

Receive News & Ratings for ASE Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASE Technology and related companies with MarketBeat.com's FREE daily email newsletter.