ASE Technology (NYSE:ASX – Get Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.
ASE Technology Stock Performance
ASX stock opened at $11.43 on Thursday. The stock has a market capitalization of $25.06 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. ASE Technology has a 12-month low of $7.20 and a 12-month high of $11.68. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $10.69 and its 200 day simple moving average is $9.99.
ASE Technology (NYSE:ASX – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $4.24 billion during the quarter. ASE Technology had a net margin of 5.41% and a return on equity of 10.09%. During the same quarter in the previous year, the business earned $0.09 earnings per share. As a group, research analysts forecast that ASE Technology will post 0.62 earnings per share for the current fiscal year.
Institutional Investors Weigh In On ASE Technology
Institutional investors have recently bought and sold shares of the business. Principal Securities Inc. purchased a new stake in ASE Technology in the 4th quarter worth $41,000. GAMMA Investing LLC purchased a new position in shares of ASE Technology during the fourth quarter valued at about $52,000. Pathstone Family Office LLC purchased a new position in shares of ASE Technology during the third quarter valued at about $93,000. BetterWealth LLC purchased a new position in shares of ASE Technology during the fourth quarter valued at about $94,000. Finally, Capital Management Associates Inc purchased a new position in shares of ASE Technology during the fourth quarter valued at about $94,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.
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.
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