Natixis Advisors L.P. Has $22.45 Million Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Natixis Advisors L.P. trimmed its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 7.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,385,346 shares of the semiconductor company’s stock after selling 193,295 shares during the period. Natixis Advisors L.P.’s holdings in ASE Technology were worth $22,446,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in ASE Technology in the fourth quarter valued at approximately $52,000. Pathstone Family Office LLC acquired a new position in ASE Technology during the third quarter worth $93,000. BetterWealth LLC bought a new position in ASE Technology during the fourth quarter valued at about $94,000. Capital Management Associates Inc bought a new stake in shares of ASE Technology during the 4th quarter worth about $94,000. Finally, Private Advisor Group LLC acquired a new position in shares of ASE Technology during the 3rd quarter valued at about $101,000. Institutional investors own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded ASE Technology from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

ASE Technology Stock Up 3.6 %

NYSE ASX opened at $10.53 on Monday. ASE Technology Holding Co., Ltd. has a 1-year low of $6.83 and a 1-year high of $11.68. The company has a market capitalization of $23.08 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 0.59 and a beta of 1.26. The stock’s 50 day moving average is $10.66 and its two-hundred day moving average is $9.45. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.37.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $4.24 billion during the quarter. ASE Technology had a net margin of 5.41% and a return on equity of 10.09%. During the same quarter last year, the company posted $0.09 earnings per share. Equities analysts forecast that ASE Technology Holding Co., Ltd. will post 0.62 earnings per share for the current fiscal year.

ASE Technology Profile

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.