Hennessy Advisors Inc. Makes New Investment in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Hennessy Advisors Inc. purchased a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 12,837 shares of the semiconductor company’s stock, valued at approximately $129,000.

A number of other institutional investors have also modified their holdings of ASX. Choreo LLC acquired a new position in ASE Technology in the second quarter valued at approximately $149,000. Federated Hermes Inc. boosted its position in ASE Technology by 36.0% during the 2nd quarter. Federated Hermes Inc. now owns 88,498 shares of the semiconductor company’s stock valued at $1,011,000 after purchasing an additional 23,403 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in ASE Technology by 4.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 221,139 shares of the semiconductor company’s stock worth $2,513,000 after buying an additional 9,322 shares during the last quarter. Hsbc Holdings PLC increased its position in ASE Technology by 1,265.9% in the second quarter. Hsbc Holdings PLC now owns 262,314 shares of the semiconductor company’s stock worth $3,005,000 after buying an additional 243,110 shares during the period. Finally, Profund Advisors LLC lifted its stake in ASE Technology by 5.5% in the second quarter. Profund Advisors LLC now owns 79,972 shares of the semiconductor company’s stock valued at $913,000 after buying an additional 4,200 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of ASE Technology from a “neutral” rating to a “buy” rating in a report on Tuesday, October 15th.

ASE Technology Stock Performance

ASX opened at $10.53 on Friday. ASE Technology Holding Co., Ltd. has a twelve month low of $8.10 and a twelve month high of $12.86. The stock has a market cap of $23.10 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 0.44 and a beta of 1.19. The business’s 50 day moving average is $10.07 and its 200-day moving average is $10.08. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 0.38.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The business had revenue of $4.96 billion for the quarter. ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. During the same period in the previous year, the business earned $0.13 EPS. On average, analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current year.

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.