ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Rating) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 7,310,000 shares, a growth of 17.1% from the November 30th total of 6,240,000 shares. Based on an average trading volume of 9,270,000 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the company’s stock are sold short.
ASE Technology Stock Down 1.4 %
ASX stock traded down $0.09 on Friday, reaching $6.27. 3,083,026 shares of the company traded hands, compared to its average volume of 6,429,413. ASE Technology has a one year low of $4.45 and a one year high of $8.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.22 and a quick ratio of 0.85. The company has a market cap of $13.68 billion, a P/E ratio of 5.14, a price-to-earnings-growth ratio of 0.32 and a beta of 1.18. The firm has a fifty day simple moving average of $6.13 and a 200-day simple moving average of $5.79.
ASE Technology (NYSE:ASX – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The semiconductor company reported $0.26 earnings per share for the quarter. ASE Technology had a return on equity of 27.84% and a net margin of 11.67%. The company had revenue of $6.21 billion during the quarter. Research analysts anticipate that ASE Technology will post 0.86 earnings per share for the current year.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised ASE Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, November 30th.
Institutional Trading of ASE Technology
Several institutional investors have recently added to or reduced their stakes in ASX. Two Sigma Investments LP boosted its stake in ASE Technology by 804.5% during the 3rd quarter. Two Sigma Investments LP now owns 2,878,473 shares of the semiconductor company’s stock valued at $14,364,000 after purchasing an additional 2,560,226 shares during the last quarter. Lazard Asset Management LLC boosted its stake in ASE Technology by 15.9% during the 1st quarter. Lazard Asset Management LLC now owns 16,191,596 shares of the semiconductor company’s stock valued at $114,796,000 after purchasing an additional 2,225,409 shares during the last quarter. Marshall Wace LLP boosted its stake in ASE Technology by 6,784.9% during the 3rd quarter. Marshall Wace LLP now owns 1,884,192 shares of the semiconductor company’s stock valued at $9,403,000 after purchasing an additional 1,856,825 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in ASE Technology by 1,748.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,638,990 shares of the semiconductor company’s stock valued at $8,178,000 after purchasing an additional 1,550,345 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in ASE Technology by 178.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,268,515 shares of the semiconductor company’s stock valued at $6,330,000 after purchasing an additional 813,286 shares during the last quarter. 7.03% of the stock is currently owned by hedge funds and other institutional investors.
About ASE Technology
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ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It offers packaging services, including flip chip ball grid array (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packages, low profile and thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, and 3D chip packages; stacked die solutions in various packages; and copper and silver wire bonding solutions.
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