Barclays PLC Sells 158,532 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Barclays PLC reduced its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 6.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,482,632 shares of the semiconductor company’s stock after selling 158,532 shares during the period. Barclays PLC’s holdings in ASE Technology were worth $24,230,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ASX. Allspring Global Investments Holdings LLC increased its stake in shares of ASE Technology by 7.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 16,023 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 1,046 shares in the last quarter. Beverly Hills Private Wealth LLC grew its holdings in ASE Technology by 5.4% during the second quarter. Beverly Hills Private Wealth LLC now owns 22,195 shares of the semiconductor company’s stock valued at $253,000 after purchasing an additional 1,130 shares during the period. Atomi Financial Group Inc. increased its position in ASE Technology by 3.6% in the second quarter. Atomi Financial Group Inc. now owns 38,924 shares of the semiconductor company’s stock worth $445,000 after buying an additional 1,345 shares in the last quarter. First Affirmative Financial Network raised its stake in shares of ASE Technology by 13.7% in the third quarter. First Affirmative Financial Network now owns 15,330 shares of the semiconductor company’s stock worth $150,000 after buying an additional 1,851 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of ASE Technology by 13.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 17,295 shares of the semiconductor company’s stock valued at $198,000 after buying an additional 2,083 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Stock Up 2.9 %

NYSE ASX opened at $10.16 on Friday. 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 Holding Co., Ltd. has a 12 month low of $8.10 and a 12 month high of $12.86. The stock’s 50 day moving average is $9.93 and its 200 day moving average is $10.26. The stock has a market cap of $22.29 billion, a PE ratio of 22.57, a P/E/G ratio of 0.71 and a beta of 1.21.

ASE Technology (NYSE:ASX) last issued its earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The company 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 last year, the company posted $0.13 EPS. Research analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Morgan Stanley upgraded shares of ASE Technology from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. UBS Group upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, StockNews.com lowered ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday, September 20th.

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.