BlackRock Fund Advisors has recently announced that it has increased stake in ASE Technology Holding Co.Ltd ADR (NYSE:ASX) by 3.21%. After grabbing 6.74 million shares, the institutional investor is now in possession of 0.21 million shares of the Technology Company. The new investment brought the stake of investor firm to 0.31% having worth around $57.97 million. Moreover, Acadian Asset Management LLC increased its share by 0.93 million to have a control over 6.55 million shares. And Parametric Portfolio Associates L raised its holdings to 0.13 million shares by acquiring 5.6 million shares or 0.26% of the stake.
ASE Technology Holding Co.Ltd ADR (ASX) concluded trading on December 20, 2023 at a closing price of $8.88, with 4.88 million shares of worth about $43.32 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.25% during that period and On Wednesday the price saw a loss of about -3.16%. Currently the company’s common shares owned by public are about 2.15B shares, out of which, 2.15B shares are available for trading.
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iShares Semiconductor ETF, St. James’s Place Unit Trust – Em, and Direxion Daily Semiconductor Bull are the top 3 mutual funds which are holding stakes in ASE Technology Holding Co.Ltd ADR iShares Semiconductor ETF is currently holding 6.55 million shares of worth totaling $56.31 million. The company recently came buying 0.0 shares which brought its stake up to 0.30% of the company’s outstanding shares. St. James’s Place Unit Trust – Em bought 1.5 million shares, after which its hold over company’s outstanding shares expand to 0.21%, leaving 4.63 million shares with the mutual fund that have a worth of about $39.83 million. Direxion Daily Semiconductor Bull, after selling 3.83 million shares, have now control over 0.18% of the stake in the company. It holds 88920.0 shares of worth $32.94 million.
However, the stock later moved at a day high price of 9.12, or with a loss of -3.16%. Stock saw a price change of -1.33% in past 5 days and over the past one month there was a price change of 2.54%. Year-to-date (YTD), ASX shares are showing a performance of 41.63% which increased to 40.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.16 but also hit the highest price of $9.19 during that period. The average intraday trading volume for ASE Technology Holding Co.Ltd ADR shares is 4.78 million. The stock is currently trading 1.37% above its 20-day simple moving average (SMA20), while that difference is up 7.76% for SMA50 and it goes to 13.29% higher than SMA200.
BlackRock Fund Advisors acquired 6.74 million shares of ASE Technology Holding Co.Ltd ADR having value of about $57.97 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.21 million shares in the company valued at close to $1859907.12, or have control over 3.21% stake in the company. ASE Technology Holding Co.Ltd ADR (NYSE: ASX) currently have 2.15B outstanding shares and institutions hold larger chunk of about 7.61% of that. Holding of mutual funds in the company is about 1.39% while other institutional holders and individual stake holders have control over 6.10% and — of the stake respectively.
The stock has a current market capitalization of $19.12B and its 3Y-monthly beta is at 1.24. PE ratio of stock for trailing 12 months is 15.84, while it has posted earnings per share of $0.56 in the same period. It has Quick Ratio of 0.89 while making debt-to-equity ratio of 0.70. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ASX, volatility over the week remained 2.00% while standing at 1.72% over the month.
Analysts are in expectations that ASE Technology Holding Co.Ltd ADR (ASX) stock would likely to be making an EPS of $0.16 in the current quarter, while forecast for next quarter EPS is $0.12 and it is $0.76 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.14 which is $0.18 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.23 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -51.65% while it is estimated to increase by 44.32% in next year. EPS is likely to shrink at an annualized rate of -3.70% for next 5-years, compared to annual growth of 21.32% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on July 28, 2023 offering a Buy rating for the stock and assigned a target price range of between $6.60 and $9.20 to it.
