Envestnet Asset Management Inc. Increases Holdings in ASE Technology Holding Co., Ltd.
Envestnet Asset Management Inc. has increased its holdings in ASE Technology Holding Co., Ltd. (NYSE: ASX) by 37.0% in the third quarter, according to recent disclosures with the SEC. The institutional investor now owns 2,966,914 shares of the semiconductor company’s stock, representing a 0.14% stake valued at $22,311,000.
In addition to Envestnet Asset Management Inc., other institutional investors and hedge funds have also made changes to their positions in ASE Technology. Employees Retirement System of Texas acquired a new position in the company in the fourth quarter, while Russell Investments Group Ltd. and Bridgefront Capital LLC increased their stakes in the company during the first and fourth quarters, respectively. Penserra Capital Management LLC and Captrust Financial Advisors also saw increases in their holdings in the company.
Analyst Ratings Changes:
StockNews.com recently upgraded ASE Technology from a “hold” rating to a “buy” rating on Friday, November 10th.
ASE Technology Performance:
ASE Technology Holding Co., Ltd. opened at $9.81 on Monday, with a 50-day simple moving average of $9.22 and a 200-day simple moving average of $8.41. The company has a market capitalization of $21.42 billion, a P/E ratio of 20.87, and a beta of 1.24. ASE Technology reported $0.13 EPS for the quarter ending January 31st, surpassing the consensus estimate by $0.01. Analysts expect the company to post 0.66 earnings per share for the current fiscal year.
ASE Technology Profile:
ASE Technology Holding Co., Ltd. provides semiconductor packaging and testing, as well as electronic manufacturing services globally. The company also engages in real estate development, information software services, equipment leasing, and more.
Overall, ASE Technology continues to be a key player in the semiconductor industry, with strong performance and growth potential.
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