Natixis Advisors LLC Sells 166,405 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Natixis Advisors LLC lowered its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 6.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,235,148 shares of the semiconductor company’s stock after selling 166,405 shares during the period. Natixis Advisors LLC owned approximately 0.10% of ASE Technology worth $21,815,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in ASE Technology by 7.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 16,023 shares of the semiconductor company’s stock valued at $183,000 after acquiring an additional 1,046 shares during the period. Beverly Hills Private Wealth LLC raised its stake in shares of ASE Technology by 5.4% during the 2nd 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. lifted its holdings in ASE Technology by 3.6% during the 2nd quarter. Atomi Financial Group Inc. now owns 38,924 shares of the semiconductor company’s stock worth $445,000 after purchasing an additional 1,345 shares in the last quarter. First Affirmative Financial Network boosted its stake in ASE Technology by 13.7% in the 3rd quarter. First Affirmative Financial Network now owns 15,330 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 1,851 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in ASE Technology by 13.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 17,295 shares of the semiconductor company’s stock worth $198,000 after purchasing an additional 2,083 shares during the period. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Price Performance

Shares of NYSE ASX opened at $9.78 on Tuesday. The stock’s 50-day simple moving average is $9.91 and its two-hundred day simple moving average is $10.36. ASE Technology Holding Co., Ltd. has a twelve month low of $8.10 and a twelve month high of $12.86. The firm has a market capitalization of $21.47 billion, a P/E ratio of 21.73, a P/E/G ratio of 0.67 and a beta of 1.22. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.38.

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

Analyst Upgrades and Downgrades

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

ASE Technology Company 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.