ASE Technology Holding Co., Ltd. (NYSE:ASX) Stake Raised by Ninety One North America Inc.

Ninety One North America Inc. raised its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,430 shares of the semiconductor company’s stock after purchasing an additional 36,801 shares during the period. Ninety One North America Inc.’s holdings in ASE Technology were worth $2,935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. First Affirmative Financial Network raised its stake in shares of ASE Technology by 17.8% during the 4th quarter. First Affirmative Financial Network now owns 18,063 shares of the semiconductor company’s stock worth $182,000 after purchasing an additional 2,733 shares in the last quarter. R Squared Ltd purchased a new stake in shares of ASE Technology during the 4th quarter worth about $51,000. Foster Group Inc. acquired a new position in shares of ASE Technology during the 4th quarter valued at about $121,000. Blue Trust Inc. increased its holdings in shares of ASE Technology by 31.3% during the 4th quarter. Blue Trust Inc. now owns 210,203 shares of the semiconductor company’s stock valued at $2,052,000 after acquiring an additional 50,084 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in shares of ASE Technology by 10.9% during the 4th quarter. Atomi Financial Group Inc. now owns 40,614 shares of the semiconductor company’s stock valued at $409,000 after acquiring an additional 3,984 shares during the last quarter. 6.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, UBS Group raised ASE Technology from a “neutral” rating to a “buy” rating in a report on Tuesday, October 15th.

ASE Technology Stock Performance

Shares of NYSE ASX opened at $9.86 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18. The firm has a market cap of $21.63 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 0.42 and a beta of 1.17. The business’s 50-day simple moving average is $10.21 and its 200-day simple moving average is $9.97. ASE Technology Holding Co., Ltd. has a 52 week low of $8.10 and a 52 week high of $12.86.

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.