ASE Technology Holding Co., Ltd. (NYSE:ASX) Short Interest Down 7.8% in November

ASE Technology Holding Co., Ltd. (NYSE:ASX) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 11,000,000 shares, a decrease of 7.8% from the October 31st total of 11,930,000 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 7,100,000 shares, the short-interest ratio is presently 1.5 days.

Institutional Investors Weigh In On ASE Technology

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew 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 acquiring an additional 1,046 shares in the last quarter. Beverly Hills Private Wealth LLC lifted 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 last quarter. Atomi Financial Group Inc. boosted its position in ASE Technology by 3.6% during the second 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 during the period. First Affirmative Financial Network increased 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 purchasing an additional 1,851 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of ASE Technology by 13.7% in the second quarter. EverSource Wealth Advisors LLC now owns 17,295 shares of the semiconductor company’s stock valued at $198,000 after purchasing an additional 2,083 shares during the period. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Trading Up 0.9 %

NYSE:ASX traded up $0.09 during trading hours on Wednesday, hitting $10.00. 2,795,823 shares of the company were exchanged, compared to its average volume of 6,817,355. The stock has a market capitalization of $21.95 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. ASE Technology has a one year low of $8.10 and a one year high of $12.86. The company has a fifty day simple moving average of $9.92 and a 200 day simple moving average of $10.31. 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 earnings results on Thursday, October 31st. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). The company had revenue of $4.96 billion during the quarter. ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. During the same quarter in the previous year, the firm earned $0.13 EPS. Sell-side analysts expect that ASE Technology will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.