Blue Trust Inc. Increases Holdings in ASE Technology Holding Co., Ltd.

Blue Trust Inc. has recently enhanced its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 31.3% during the fourth quarter, as indicated in its latest Form 13F filing with the Securities and Exchange Commission (SEC). The firm now owns a total of 210,203 shares in the semiconductor company after acquiring an additional 50,084 shares in this period. Based on its most recent SEC filing, Blue Trust Inc.'s holdings in ASE Technology are currently valued at approximately $2.05 million.

Recent Investor Activity

Several other institutional investors and hedge funds have also modified their holdings in ASE Technology recently. For example, Wilmington Savings Fund Society FSB made a new investment in the company during the third quarter, amounting to $77,000. GAMMA Investing LLC raised its position in ASE Technology by 28.0% in the fourth quarter, now owning 9,521 shares valued at $96,000 after increasing its stake by 2,083 shares. Moreover, Werba Rubin Papier Wealth Management and Leo Wealth LLC both acquired new investments in the same quarter, valued at $100,000 and $114,000, respectively. Merit Financial Group LLC also took advantage of this opportunity by gaining a new position valued at $119,000 in the fourth quarter. Overall, institutional investors and hedge funds currently hold about 6.80% of ASE Technology's stock.

ASE Technology Stock Overview

As of Tuesday, ASE Technology's stock (NYSE:ASX) opened at a price of $9.74. The company's financial ratios include a debt-to-equity ratio of 0.38, a current ratio of 1.18, and a quick ratio of 0.89. Over the past weeks, its fifty-day moving average price is reported at $10.19, while the two-hundred-day moving average stands at $10.03. ASE Technology Holding Co., Ltd. shows a fifty-two week low of $8.10 and a high of $12.86. Furthermore, the company has a market capitalization of $21.37 billion, with a price-to-earnings ratio of 21.63 and a price-to-earnings-growth ratio of 0.46. The stock demonstrates a beta of 1.19, reflecting its volatility compared to the market.

Earnings Report Highlights

ASE Technology (NYSE:ASX - Get Free Report) recently released its earnings results on October 31st. The semiconductor company reported earnings of $0.13 per share for the quarter, which was below the analysts' consensus estimate of $0.15 by a margin of $0.02. The firm recorded a return on equity of 10.05% and a net margin of 5.47%, with revenue totaling $4.96 billion during the quarter. It's noteworthy that last year during the same period, the firm had also posted an EPS of $0.13. Analysts predict that ASE Technology Holding Co., Ltd. is likely to post an EPS of 0.48 for the current fiscal year.

Analyst Recommendations

Separately, the UBS Group has recently upgraded ASE Technology's rating from a "neutral" to a "buy" in a research note published on October 15th.

About ASE Technology

ASE Technology Holding Co, Ltd., along with its subsidiaries, specializes in semiconductor packaging and testing, along with electronic manufacturing services in the U.S., Taiwan, Asia, Europe, and other international locations. The company's services extend to developing, constructing, selling, leasing, and managing real estate properties; producing substrates; providing information software, equipment leasing, investment advisory, and warehousing management services; as well as managing commercial complexes, offering after-sales support, and processing and selling a variety of electronic components.

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