ASE Technology Holding Co., Ltd. (NYSE:ASX) Short Interest Down 6.2% in September - MarketBeat

2022-10-03 20:54:13 By : Mr. Michael Ma

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ASE Technology Holding Co., Ltd. (NYSE:ASX - Get Rating) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 7,920,000 shares, a decline of 6.2% from the August 31st total of 8,440,000 shares. Approximately 0.4% of the company's shares are short sold. Based on an average trading volume of 6,460,000 shares, the short-interest ratio is presently 1.2 days. ASE Technology Trading Down 0.4 %

Shares of ASX opened at $4.99 on Monday. The stock's 50-day moving average is $5.73 and its two-hundred day moving average is $6.24. The stock has a market cap of $10.88 billion, a PE ratio of 4.19, a P/E/G ratio of 0.25 and a beta of 1.12. ASE Technology has a 12 month low of $4.88 and a 12 month high of $8.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 0.83.

ASE Technology (NYSE:ASX - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The semiconductor company reported $0.25 EPS for the quarter. The company had revenue of $5.45 billion for the quarter. ASE Technology had a return on equity of 27.91% and a net margin of 11.80%. Equities analysts forecast that ASE Technology will post 0.88 earnings per share for the current fiscal year. Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded ASE Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, September 28th.Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Edmond DE Rothschild Holding S.A. lifted its stake in shares of ASE Technology by 118.2% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 29,825 shares of the semiconductor company's stock worth $211,000 after acquiring an additional 16,157 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of ASE Technology by 11.5% in the first quarter. Park Avenue Securities LLC now owns 64,068 shares of the semiconductor company's stock worth $454,000 after acquiring an additional 6,593 shares in the last quarter. Wealth Alliance acquired a new position in shares of ASE Technology in the first quarter worth about $150,000. Aaron Wealth Advisors LLC lifted its stake in shares of ASE Technology by 602.0% in the first quarter. Aaron Wealth Advisors LLC now owns 102,790 shares of the semiconductor company's stock worth $14,498,000 after acquiring an additional 88,147 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. lifted its stake in shares of ASE Technology by 14.4% in the first quarter. Desjardins Global Asset Management Inc. now owns 46,728 shares of the semiconductor company's stock worth $331,000 after acquiring an additional 5,868 shares in the last quarter. Institutional investors and hedge funds own 6.57% of the company's stock. About ASE Technology (Get Rating)

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.Featured ArticlesGet a free copy of the StockNews.com research report on ASE Technology (ASX)Archer Daniels Midland: Dividend Hero With 49 Years Of IncreasesWill Fully Autonomous Tractors Make Deere the Tesla of Farming? Magna International is Your Auto and EV One-Stop Shop Stock EV Battery Maker Freyr Set For Major Global Expansion MarketBeat: Week in Review 9/26 – 9/30

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