ASE Technology Holding Co., Ltd. (NYSE:ASX) Holdings Lowered by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 28.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,325 shares of the semiconductor company’s stock after selling 161,567 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ASE Technology were worth $4,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP increased its position in shares of ASE Technology by 42.5% in the fourth quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 1,104 shares in the last quarter. R Squared Ltd purchased a new position in ASE Technology during the 4th quarter worth approximately $51,000. Wilmington Savings Fund Society FSB acquired a new stake in ASE Technology during the 3rd quarter valued at $77,000. Whipplewood Advisors LLC purchased a new stake in shares of ASE Technology in the fourth quarter valued at $93,000. Finally, GAMMA Investing LLC boosted its position in shares of ASE Technology by 28.0% in the fourth quarter. GAMMA Investing LLC now owns 9,521 shares of the semiconductor company’s stock worth $96,000 after buying an additional 2,083 shares during the period. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Stock Performance

Shares of ASX stock opened at $10.15 on Friday. The stock’s fifty day simple moving average is $10.44 and its 200-day simple moving average is $10.06. The company has a market capitalization of $22.39 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 0.47 and a beta of 1.17. The company has a current ratio of 1.19, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40. ASE Technology Holding Co., Ltd. has a 1-year low of $8.10 and a 1-year high of $12.86.

ASE Technology (NYSE:ASX) last issued its earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. On average, sell-side analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

About ASE Technology

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.