Uncovering Institutional Buying In ASE Technology Holding Co.Ltd ADR (NYSE: ASX)

Currently, there are 2.17B common shares owned by the public and among those 2.17B shares have been available to trade.

The company’s stock has a 5-day price change of 0.93% and -1.61% over the past three months. ASX shares are trading 3.93% year to date (YTD), with the 12-month market performance up to 14.92% higher. It has a 12-month low price of $8.10 and touched a high of $12.86 over the same period. ASX has an average intraday trading volume of 7.27 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 -0.84%, -1.29%, and -5.56% respectively.

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Institutional ownership of ASE Technology Holding Co.Ltd ADR (NYSE: ASX) shares accounts for 7.45% of the company’s 2.17B shares outstanding.

It has a market capitalization of $21.22B and a beta (3y monthly) value of 1.24. The stock’s trailing 12-month PE ratio is 21.36, while the earnings-per-share (ttm) stands at $0.46. The company has a PEG of 0.69 and a Quick Ratio of 0.89 with the debt-to-equity ratio at 0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.62% over the week and 2.51% over the month.

Analysts forecast that ASE Technology Holding Co.Ltd ADR (ASX) will achieve an EPS of 0.15 for the current quarter, 0.11 for the next quarter and 0.75 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.15 while analysts give the company a high EPS estimate of 0.15. Comparatively, EPS for the current quarter was 0.13 a year ago. Earnings per share for the fiscal year are expected to increase by 1.55%, and 46.56% over the next financial year. EPS should grow at an annualized rate of 30.89% over the next five years, compared to 3.72% over the past 5-year period.

Morgan Stanley was of a view on June 25, 2024 that the stock is Equal-Weight, while Goldman gave the stock Buy rating on July 28, 2023, issuing a price target of $6.60- $9.20. HSBC Securities on their part issued Hold rating on June 28, 2023.

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