Capital Wealth Planning LLC Trims Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Capital Wealth Planning LLC cut its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 248,831 shares of the semiconductor company’s stock after selling 6,239 shares during the period. Capital Wealth Planning LLC’s holdings in ASE Technology were worth $2,842,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its stake in ASE Technology by 12.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 544,797 shares of the semiconductor company’s stock worth $6,222,000 after purchasing an additional 61,992 shares during the period. Federated Hermes Inc. grew its stake in ASE Technology by 36.0% in the second quarter. Federated Hermes Inc. now owns 88,498 shares of the semiconductor company’s stock worth $1,011,000 after purchasing an additional 23,403 shares during the period. D Orazio & Associates Inc. purchased a new stake in ASE Technology in the second quarter worth $126,000. Beverly Hills Private Wealth LLC grew its stake in ASE Technology by 5.4% in the second quarter. Beverly Hills Private Wealth LLC now owns 22,195 shares of the semiconductor company’s stock worth $253,000 after purchasing an additional 1,130 shares during the period. Finally, American Century Companies Inc. grew its stake in ASE Technology by 3.4% in the second quarter. American Century Companies Inc. now owns 1,939,422 shares of the semiconductor company’s stock worth $22,148,000 after purchasing an additional 63,237 shares during the period. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Trading Up 1.3 %

Shares of NYSE:ASX opened at $9.66 on Monday. The company has a market cap of $21.18 billion, a P/E ratio of 21.00, a PEG ratio of 0.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.17 and a quick ratio of 0.90. ASE Technology Holding Co., Ltd. has a 1 year low of $7.25 and a 1 year high of $12.86. The stock’s fifty day moving average price is $10.10 and its 200-day moving average price is $10.61.

ASE Technology (NYSE:ASX) last posted its earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. ASE Technology had a return on equity of 9.90% and a net margin of 5.38%. The company had revenue of $4.33 billion for the quarter. During the same period in the prior year, the company posted $0.12 EPS. Sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 0.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

ASX has been the topic of several analyst reports. Morgan Stanley downgraded ASE Technology from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 25th. StockNews.com raised ASE Technology from a “hold” rating to a “buy” rating in a report on Thursday.

ASE Technology 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.