Belpointe Asset Management LLC Buys New Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Belpointe Asset Management LLC acquired a new position in ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,705 shares of the semiconductor company’s stock, valued at approximately $36,000.

Several other hedge funds have also bought and sold shares of ASX. Penserra Capital Management LLC purchased a new stake in ASE Technology in the 3rd quarter worth approximately $34,000. Glassman Wealth Services boosted its position in ASE Technology by 41.8% in the 4th quarter. Glassman Wealth Services now owns 5,392 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 1,589 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in ASE Technology in the 3rd quarter worth approximately $52,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of ASE Technology during the 3rd quarter valued at approximately $53,000. Finally, Drive Wealth Management LLC purchased a new position in shares of ASE Technology during the 3rd quarter valued at approximately $57,000. Hedge funds and other institutional investors own 7.03% of the company’s stock.

ASE Technology Stock Up 3.7 %

NYSE ASX opened at $7.56 on Friday. The business has a fifty day moving average price of $7.32 and a 200 day moving average price of $7.01. ASE Technology Holding Co., Ltd. has a one year low of $4.45 and a one year high of $7.97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 1.16. The company has a market cap of $16.51 billion, a P/E ratio of 9.11 and a beta of 1.22.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. China Renaissance lowered ASE Technology from a “buy” rating to a “hold” rating in a research report on Thursday, February 9th. StockNews.com assumed coverage on ASE Technology in a research report on Thursday, May 18th. They set a “buy” rating on the stock.

About ASE Technology

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ASE Technology Holding Co, Ltd. engages in the provision of semiconductor manufacturing services. It develops and offers complete turnkey solutions in IC (Integrated Circuit) packaging, design and production of interconnect materials, front-end engineering testing, wafer probing and final testing, as well as electronic manufacturing services.