BlackRock Fund Advisors recently announced the acquisition of new stake in ASE Technology Holding Co.Ltd ADR (NYSE:ASX). The institutional investor has increased its shareholding in the Technology company by 3.21% to 6.74 million shares with purchase of 0.21 million shares. This fresh investment now brings its stake to 0.31% valued currently at $63.43 million. In addition, Acadian Asset Management LLC raised its holdings by 0.93 million to 6.55 million shares. And Parametric Portfolio Associates L has lifted its position by 2.36% or 0.13 million shares – to 5.6 million shares.
Currently, there are 2.15B common shares owned by the public and among those 2.15B shares have been available to trade.
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The top 3 mutual fund holders in ASE Technology Holding Co.Ltd ADR are iShares Semiconductor ETF, St. James’s Place Unit Trust – Em, and Direxion Daily Semiconductor Bull. iShares Semiconductor ETF owns 7.04 million shares of the company’s stock, all valued at over $66.26 million. The company bought an additional 0.17 million shares recently to bring their total holdings to about 0.32% of the shares outstanding. St. James’s Place Unit Trust – Em bought 1.83 million shares to see its total holdings expand to 6.47 million shares valued at over $60.84 million and representing 0.30% of the shares outstanding. Direxion Daily Semiconductor Bull sold -0.36 million shares to bring its total holdings to over 3.6 million shares at a value of $33.89 million. Direxion Daily Semiconductor Bull now owns shares totaling to 0.16% of the shares outstanding.
However, the script later moved the day high at 9.50, up 0.85%. The company’s stock has a 5-day price change of 8.60% and 22.83% over the past three months. ASX shares are trading 0.64% year to date (YTD), with the 12-month market performance up to 30.80% higher. It has a 12-month low price of $6.70 and touched a high of $9.55 over the same period. ASX has an average intraday trading volume of 4.90 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.42%, 7.96%, and 18.62% respectively.
Institutional ownership of ASE Technology Holding Co.Ltd ADR (NYSE: ASX) shares accounts for 7.60% of the company’s 2.15B shares outstanding. Mutual fund holders own 1.47%, while other institutional holders and individual stakeholders account for 6.01% and — respectively.
It has a market capitalization of $20.39B and a beta (3y monthly) value of 1.26. The stock’s trailing 12-month PE ratio is 16.89, while the earnings-per-share (ttm) stands at $0.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.77% over the week and 1.87% over the month.
Analysts forecast that ASE Technology Holding Co.Ltd ADR (ASX) will achieve an EPS of $CSX Corporation for the current quarter, $34.89 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Boston Scientific Corporation while analysts give the company a high EPS estimate of $Diana Shipping inc.. Comparatively, EPS for the current quarter was $ASE Technology Holding Co., Ltd a year ago. Earnings per share for the fiscal year are expected to decrease by -51.80%, and 45.16% over the next financial year.
Looking at the support for the ASX, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on July 28, 2023, with the firm’s price target at $6.60-$9.20.
