In a research note published on Thursday by the stock analysts at StockNews.com, they announced that they had begun covering ASE Technologies (NYSE: ASX).
Investors have been encouraged to “buy” the semiconductor manufacturer’s stock by issuing a “buy” recommendation.
The price of an ASX common stock at the end of trading on Thursday was $7.32.
The company’s market capitalization is currently valued at $15.98 billion, with a price-to-earnings ratio of 7.71 and a beta value of 1.19.
The price of ASE Technologies shares has ranged from $4.45 to $7.70 over the past 52 weeks, with an all-time low of $4.45. Currently, the debt-to-equity ratio stands at 0.43, the quick ratio at 0.93, and the current ratio at 1.35.
The company has seen a simple moving average of $6.29 over the past two hundred days, while it has seen a simple moving average of $7.25 over the last fifty days.
Separately, in a research report released on Thursday, February 9, China Renaissance rated the shares of ASE Technology less favorably, moving them from a “buy” recommendation to a “hold” one.
The report was published in the United States.
As a result of recent occurrences, institutional investors and hedge funds have adjusted the proportion of their holdings in the company, they have invested in.
During the third quarter, Two Sigma Investments LP added an amount to its holdings in ASE Technology that were equivalent to an 80.4 percent increase.
Two Sigma Investments LP now has a total of 2,878,473 shares of the stock of the semiconductor company.
These shares have a value of $14,364,000 thanks to the acquisition of an additional 2,560,226 shares during the preceding quarter.
Envestnet Asset Management INC increased the amount of ASE Technology stock it owns by 11.5% during the third quarter.
After making an additional purchase of 210,945 shares during the most recent quarter of the fiscal year, Envestnet Asset Management INC now has a total of 2,041,039 shares of the stock of the semiconductor company in its possession.
There is a value of $10,185,000 attached to these shares.
MGO One Seven LLC increased the proportion of ASE Technologies in which it is invested by 12.0% during the second quarter.
By purchasing an additional 1,625 shares, MGO One Seven LLC was able to increase its holdings in the semiconductor company’s stock by 15,150 shares over the most recent quarter.
The value of the stock holdings held by MGO One Seven LLC at the current market price is $78,000.
During the third quarter of the fiscal year, Sawtooth Solutions LLC increased its ownership of ASE Technologies by 60.0%. Sawtooth Solutions LLC now has 30,488 shares of the semiconductor business, having acquired an additional 11,428 shares during the preceding quarter for a total investment of 30,488.
The current value of these shares on the market is equal to $152,000.
And finally, during the three months ending September 30, Guggenheim Capital LLC increased the amount of money it had previously invested in ASE Technologies by 1.7%. Guggenheim Capital LLC now holds 153,631 shares of the semiconductor company’s common stock after purchasing an additional 2,540 shares during the most recent quarter for a total cost of $770,000.
This brings the total number of shares owned by Guggenheim Capital LLC to 153,631.
To the tune of 7.03 percent of the company’s shares, hedge funds and various other institutional investors own those shares.
One example of a company that offers services related to the production of semiconductors is ASE Technology Holding Co Ltd Integrated circuit packaging, wafer probing, and final testing, front-end engineering testing, interconnect material design and fabrication, and electronic manufacturing services are some of the areas in which it develops and offers complete turnkey solutions.