Larson Financial Group LLC Purchases 11,325 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Larson Financial Group LLC increased its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 5.5% in the third quarter, Holdings Channel.com reports. The fund owned 216,551 shares of the semiconductor company’s stock after acquiring an additional 11,325 shares during the quarter. Larson Financial Group LLC’s holdings in ASE Technology were worth $2,114,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Citigroup Inc. boosted its position in shares of ASE Technology by 9.7% in the third quarter. Citigroup Inc. now owns 4,323,059 shares of the semiconductor company’s stock valued at $42,193,000 after acquiring an additional 382,425 shares during the period. Earnest Partners LLC lifted its position in ASE Technology by 10.4% during the second quarter. Earnest Partners LLC now owns 2,840,090 shares of the semiconductor company’s stock valued at $32,434,000 after purchasing an additional 266,991 shares during the last quarter. American Century Companies Inc. lifted its position in ASE Technology by 3.4% during the second quarter. American Century Companies Inc. now owns 1,939,422 shares of the semiconductor company’s stock valued at $22,148,000 after purchasing an additional 63,237 shares during the last quarter. Driehaus Capital Management LLC lifted its position in ASE Technology by 105.3% during the second quarter. Driehaus Capital Management LLC now owns 982,028 shares of the semiconductor company’s stock valued at $11,215,000 after purchasing an additional 503,765 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in ASE Technology by 3.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 562,892 shares of the semiconductor company’s stock valued at $5,494,000 after purchasing an additional 18,095 shares during the last quarter. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Trading Up 1.2 %

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

ASE Technology (NYSE:ASX) last posted its quarterly 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 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 quarter in the previous year, the business earned $0.13 earnings per share. As a group, analysts predict that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.