Research Analysts’ Weekly Ratings Updates for ASE Technology (ASX)

Several analysts have recently updated their ratings and price targets for ASE Technology (NYSE: ASX):

  • 5/14/2019 – ASE Technology had its “market perform” rating reaffirmed by analysts at Cowen Inc. They now have a $30.00 price target on the stock, down previously from $31.00.
  • 5/13/2019 – ASE Technology was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “ASE Technology Holding Co Ltd. is a provider of semiconductor manufacturing services in assembly and testing. The Company develops and offers complete turnkey solutions covering front-end engineering testing, wafer probing and final testing as well as IC packaging, materials and electronic manufacturing services. It operates primarily in Taiwan, China, South Korea, Japan, Singapore, Malaysia, Mexico, United States and Europe. ASE Technology Holding Co Ltd, formerly known as ASE Industrial Holding Co., is based in Kaohsiung, Taiwan. “
  • 5/2/2019 – ASE Technology was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “ASE Technology Holding Co Ltd. is a provider of semiconductor manufacturing services in assembly and testing. The Company develops and offers complete turnkey solutions covering front-end engineering testing, wafer probing and final testing as well as IC packaging, materials and electronic manufacturing services. It operates primarily in Taiwan, China, South Korea, Japan, Singapore, Malaysia, Mexico, United States and Europe. ASE Technology Holding Co Ltd, formerly known as ASE Industrial Holding Co., is based in Kaohsiung, Taiwan. “
  • 5/2/2019 – ASE Technology was upgraded by analysts at Macquarie from an “underperform” rating to a “neutral” rating.
  • 4/2/2019 – ASE Technology was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ASE Technology Holding Co Ltd. is a provider of semiconductor manufacturing services in assembly and testing. The Company develops and offers complete turnkey solutions covering front-end engineering testing, wafer probing and final testing as well as IC packaging, materials and electronic manufacturing services. It operates primarily in Taiwan, China, South Korea, Japan, Singapore, Malaysia, Mexico, United States and Europe. ASE Technology Holding Co Ltd, formerly known as ASE Industrial Holding Co., is based in Kaohsiung, Taiwan. “
  • 4/2/2019 – ASE Technology was upgraded by analysts at CLSA to a “buy” rating.
  • 3/25/2019 – ASE Technology was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $4.75 price target on the stock. According to Zacks, “ASE Technology Holding Co Ltd. is a provider of semiconductor manufacturing services in assembly and testing. The Company develops and offers complete turnkey solutions covering front-end engineering testing, wafer probing and final testing as well as IC packaging, materials and electronic manufacturing services. It operates primarily in Taiwan, China, South Korea, Japan, Singapore, Malaysia, Mexico, United States and Europe. ASE Technology Holding Co Ltd, formerly known as ASE Industrial Holding Co., is based in Kaohsiung, Taiwan. “
  • 3/18/2019 – ASE Technology was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “ASE Technology Holding Co Ltd. is a provider of semiconductor manufacturing services in assembly and testing. The Company develops and offers complete turnkey solutions covering front-end engineering testing, wafer probing and final testing as well as IC packaging, materials and electronic manufacturing services. It operates primarily in Taiwan, China, South Korea, Japan, Singapore, Malaysia, Mexico, United States and Europe. ASE Technology Holding Co Ltd, formerly known as ASE Industrial Holding Co., is based in Kaohsiung, Taiwan. “

ASX traded down $0.22 during trading on Friday, reaching $4.08. 523,800 shares of the stock were exchanged, compared to its average volume of 748,073. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.94 and a current ratio of 1.23. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 5.05 and a beta of 0.90. ASE Technology Holding Co Ltd has a 1 year low of $3.46 and a 1 year high of $5.28.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. ETRADE Capital Management LLC boosted its position in ASE Technology by 2.3% during the fourth quarter. ETRADE Capital Management LLC now owns 120,325 shares of the semiconductor company’s stock worth $451,000 after purchasing an additional 2,732 shares in the last quarter. Henry James International Management Inc. raised its holdings in shares of ASE Technology by 2.2% in the first quarter. Henry James International Management Inc. now owns 134,346 shares of the semiconductor company’s stock worth $579,000 after acquiring an additional 2,851 shares during the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of ASE Technology by 3.0% in the fourth quarter. Wetherby Asset Management Inc. now owns 138,271 shares of the semiconductor company’s stock worth $518,000 after acquiring an additional 4,070 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of ASE Technology by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 31,998 shares of the semiconductor company’s stock worth $137,000 after acquiring an additional 4,131 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of ASE Technology by 10.0% in the fourth quarter. Nuveen Asset Management LLC now owns 49,205 shares of the semiconductor company’s stock worth $185,000 after acquiring an additional 4,460 shares during the last quarter. Institutional investors own 5.39% of the company’s stock.

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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