Pinnacle Wealth Planning Services Inc. Sells 33,175 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Pinnacle Wealth Planning Services Inc. lowered its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 52.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,313 shares of the semiconductor company’s stock after selling 33,175 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in ASE Technology were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ASX. Steward Partners Investment Advisory LLC increased its position in ASE Technology by 166.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 2,307 shares during the last quarter. Allworth Financial LP increased its position in 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 purchasing an additional 1,104 shares during the last quarter. R Squared Ltd bought a new stake in ASE Technology in the fourth quarter worth $51,000. Wilmington Savings Fund Society FSB bought a new stake in ASE Technology in the third quarter worth $77,000. Finally, Whipplewood Advisors LLC purchased a new position in ASE Technology during the fourth quarter worth $93,000. Institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Up 1.5 %

NYSE ASX opened at $10.05 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.19 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average of $10.40 and a two-hundred day moving average of $10.06. The firm has a market capitalization of $22.17 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 0.47 and a beta of 1.21. ASE Technology Holding Co., Ltd. has a 52 week low of $8.10 and a 52 week high of $12.86.

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

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.