ASE Technology Holding Co Ltd (ASX) Given Average Rating of “Sell” by Analysts

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Shares of ASE Technology Holding Co Ltd (NYSE:ASX) have been given a consensus rating of “Sell” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company.

A number of research firms recently commented on ASX. Zacks Investment Research lowered ASE Technology from a “hold” rating to a “sell” rating in a research note on Thursday, February 14th. ValuEngine raised ASE Technology from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Macquarie lowered ASE Technology from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 2nd.

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in ASE Technology by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 264,488 shares of the semiconductor company’s stock worth $1,278,000 after buying an additional 12,800 shares during the last quarter. Navellier & Associates Inc boosted its stake in ASE Technology by 90.1% in the 4th quarter. Navellier & Associates Inc now owns 13,704 shares of the semiconductor company’s stock worth $51,000 after buying an additional 6,496 shares during the last quarter. LPL Financial LLC boosted its stake in ASE Technology by 88.4% in the 3rd quarter. LPL Financial LLC now owns 33,572 shares of the semiconductor company’s stock worth $162,000 after buying an additional 15,757 shares during the last quarter. Credit Suisse AG boosted its stake in ASE Technology by 43.5% in the 3rd quarter. Credit Suisse AG now owns 70,567 shares of the semiconductor company’s stock worth $341,000 after buying an additional 21,381 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in ASE Technology by 3.0% in the 3rd quarter. Aperio Group LLC now owns 2,302,380 shares of the semiconductor company’s stock worth $11,120,000 after buying an additional 66,850 shares during the last quarter. 5.39% of the stock is currently owned by hedge funds and other institutional investors.

ASX opened at $3.88 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.65. The firm has a market cap of $8.23 billion, a P/E ratio of 9.95 and a beta of 0.92. ASE Technology has a 52 week low of $3.46 and a 52 week high of $8.00.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services (EMS) in the United States, Taiwan, Asia, Europe, and internationally. The company offers packaging services, including flip-chip ball grid array (BGA), flip-chip chip scale package (fcCSP), advanced chip scale packages (aCSP), quad flat packages, thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, high-band package on package, and 3D chip packages; stacked die solutions in various package types; and copper wire and silver bonding solutions, as well as module-based solutions.

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