Citigroup Inc. Buys 382,425 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Citigroup Inc. lifted its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 9.7% during the third quarter, Holdings Channel reports. The fund owned 4,323,059 shares of the semiconductor company’s stock after buying an additional 382,425 shares during the quarter. Citigroup Inc.’s holdings in ASE Technology were worth $42,193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of ASE Technology by 7.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 16,023 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 1,046 shares in the last quarter. Beverly Hills Private Wealth LLC boosted its holdings 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 acquiring an additional 1,130 shares in the last quarter. Atomi Financial Group Inc. grew its stake in ASE Technology by 3.6% in the second quarter. Atomi Financial Group Inc. now owns 38,924 shares of the semiconductor company’s stock valued at $445,000 after acquiring an additional 1,345 shares during the period. First Affirmative Financial Network increased its holdings in shares of ASE Technology by 13.7% during the third quarter. First Affirmative Financial Network now owns 15,330 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 1,851 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of ASE Technology by 13.7% during the second quarter. EverSource Wealth Advisors LLC now owns 17,295 shares of the semiconductor company’s stock worth $198,000 after purchasing an additional 2,083 shares during the period. 6.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 15th. StockNews.com downgraded ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Morgan Stanley upgraded ASE Technology from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th.

ASE Technology Trading Up 1.2 %

Shares of ASE Technology stock opened at $9.93 on Monday. The stock has a fifty day simple moving average of $9.93 and a 200 day simple moving average of $10.34. ASE Technology Holding Co., Ltd. has a 12-month low of $8.10 and a 12-month high of $12.86. The company has a market capitalization of $21.80 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 0.69 and a beta of 1.22. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 0.38.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). ASE Technology had a return on equity of 10.05% and a net margin of 5.47%. The company had revenue of $4.96 billion for the quarter. During the same period in the prior year, the business earned $0.13 EPS. On average, sell-side analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current fiscal 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.