Flow Traders U.S. LLC Makes New Investment in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Posted by Defense World Staff on Mar 11th, 2023

Flow Traders U.S. LLC acquired a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,431 shares of the semiconductor company’s stock, valued at approximately $52,000.

A number of other large investors also recently added to or reduced their stakes in ASX. JPMorgan Chase & Co. raised its position in ASE Technology by 40.0% during the first quarter. JPMorgan Chase & Co. now owns 812,168 shares of the semiconductor company’s stock worth $5,759,000 after acquiring an additional 232,125 shares during the period. Raymond James & Associates raised its position in shares of ASE Technology by 18.0% in the first quarter. Raymond James & Associates now owns 342,533 shares of the semiconductor company’s stock valued at $2,429,000 after buying an additional 52,183 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of ASE Technology by 15.3% in the first quarter. Bank of New York Mellon Corp now owns 134,904 shares of the semiconductor company’s stock valued at $957,000 after buying an additional 17,887 shares during the last quarter. American Century Companies Inc. raised its position in shares of ASE Technology by 9.6% in the first quarter. American Century Companies Inc. now owns 350,472 shares of the semiconductor company’s stock valued at $2,485,000 after buying an additional 30,757 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of ASE Technology by 14.6% in the first quarter. Bank of Montreal Can now owns 14,713 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 1,869 shares during the last quarter. 7.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ASX. China Renaissance cut shares of ASE Technology from a “buy” rating to a “hold” rating in a research report on Thursday, February 9th. StockNews.com upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, November 30th.

ASE Technology Price Performance

ASE Technology stock opened at $7.22 on Friday. ASE Technology Holding Co., Ltd. has a 12-month low of $4.45 and a 12-month high of $7.70. The stock has a market cap of $15.77 billion, a P/E ratio of 7.60 and a beta of 1.19. The company has a 50-day moving average price of $7.18 and a 200 day moving average price of $6.26. The company has a current ratio of 1.35, a quick ratio of 0.93 and a debt-to-equity ratio of 0.43.

ASE Technology Profile

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ASE Technology Holding Co, Ltd. engages in the provision of semiconductor manufacturing services. It develops and offers complete turnkey solutions in IC (Integrated Circuit) packaging, design and production of interconnect materials, front-end engineering testing, wafer probing and final testing, as well as electronic manufacturing services.