Larson Financial Group LLC Has $2.11 Million Stock Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Larson Financial Group LLC lifted its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 5.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 216,551 shares of the semiconductor company’s stock after buying an additional 11,325 shares during the period. Larson Financial Group LLC’s holdings in ASE Technology were worth $2,114,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ASX. Ashton Thomas Private Wealth LLC bought a new stake in shares of ASE Technology in the 2nd quarter valued at about $43,000. Fifth Third Bancorp grew its position in shares of ASE Technology by 423.8% in the 2nd quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 5,289 shares during the last quarter. Werba Rubin Papier Wealth Management bought a new stake in shares of ASE Technology in the 3rd quarter valued at about $100,000. Leo Wealth LLC bought a new stake in shares of ASE Technology in the 3rd quarter valued at about $114,000. Finally, Cetera Advisors LLC bought a new stake in shares of ASE Technology in the 1st quarter valued at about $120,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

ASX has been the topic of a number of analyst reports. Morgan Stanley upgraded ASE Technology from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th. StockNews.com lowered ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, UBS Group upgraded ASE Technology from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 15th.

ASE Technology Stock Up 1.2 %

Shares of ASE Technology stock opened at $9.93 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89. ASE Technology Holding Co., Ltd. has a one year low of $8.10 and a one year high of $12.86. The stock’s 50-day moving average is $9.93 and its 200 day moving average is $10.34. The firm has a market cap of $21.80 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 0.69 and a beta of 1.22.

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

ASE Technology Profile

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.