ASE Technology (ASX) Given “Market Perform” Rating at Cowen

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Cowen restated their market perform rating on shares of ASE Technology (NYSE:ASX) in a research note released on Tuesday, Briefing.com Automated Import reports. They currently have a $30.00 price target on the semiconductor company’s stock, down from their prior price target of $31.00.

Several other analysts also recently weighed in on ASX. CLSA raised ASE Technology to a buy rating in a report on Tuesday, April 2nd. Zacks Investment Research downgraded ASE Technology from a buy rating to a hold rating in a report on Tuesday, April 2nd. Macquarie raised ASE Technology from an underperform rating to a neutral rating in a report on Thursday, May 2nd. Finally, ValuEngine raised ASE Technology from a sell rating to a hold rating in a report on Monday, February 4th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and an average price target of $17.38.

NYSE ASX traded down $0.19 during trading on Tuesday, reaching $4.11. 1,235 shares of the company’s stock were exchanged, compared to its average volume of 764,882. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 5.05 and a beta of 0.90. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.23 and a quick ratio of 0.94. ASE Technology has a 1 year low of $3.46 and a 1 year high of $5.28.

Several institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of ASE Technology by 41.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,764 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 7,549 shares during the last quarter. M&T Bank Corp increased its position in ASE Technology by 44.0% in the 1st quarter. M&T Bank Corp now owns 32,207 shares of the semiconductor company’s stock valued at $139,000 after acquiring an additional 9,847 shares during the period. Goldman Sachs Group Inc. increased its position in ASE Technology by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,113,887 shares of the semiconductor company’s stock valued at $4,801,000 after acquiring an additional 83,401 shares during the period. Cresset Asset Management LLC acquired a new position in ASE Technology in the 1st quarter valued at about $132,000. Finally, Renaissance Technologies LLC increased its position in ASE Technology by 27.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,325,949 shares of the semiconductor company’s stock valued at $5,715,000 after acquiring an additional 286,800 shares during the period. 5.39% of the stock is owned by institutional investors and hedge funds.

About ASE Technology

ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services (EMS) in the United States, Taiwan, Asia, Europe, and internationally. The company offers packaging services, including flip-chip ball grid array (BGA), flip-chip chip scale package (fcCSP), advanced chip scale packages (aCSP), quad flat packages, thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, high-band package on package, and 3D chip packages; stacked die solutions in various package types; and copper wire and silver bonding solutions, as well as module-based solutions.

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