ASE Expertise (NYSE:ASX – Get Score) was downgraded by analysis analysts at StockNews.com from a “purchase” ranking to a “maintain” ranking in a report launched on Tuesday.
ASE Expertise Inventory Down 9.1 %
NYSE:ASX traded down $0.46 throughout mid-day buying and selling on Tuesday, reaching $4.61. The inventory had a buying and selling quantity of 14,054,951 shares, in comparison with its common quantity of 6,821,349. The enterprise’s 50 day transferring common is $5.67 and its 200 day transferring common is $6.14. ASE Expertise has a fifty-two week low of $4.57 and a fifty-two week excessive of $8.15. The inventory has a market cap of $10.05 billion, a P/E ratio of three.87, a PEG ratio of 0.26 and a beta of 1.17. The corporate has a debt-to-equity ratio of 0.50, a present ratio of 1.18 and a fast ratio of 0.83.
ASE Expertise (NYSE:ASX – Get Score) final launched its quarterly earnings knowledge on Thursday, July twenty eighth. The semiconductor firm reported $0.25 EPS for the quarter. ASE Expertise had a return on fairness of 27.91% and a internet margin of 11.80%. The agency had income of $5.45 billion for the quarter. As a gaggle, sell-side analysts predict that ASE Expertise will publish 0.88 earnings per share for the present yr.
Hedge Funds Weigh In On ASE Expertise
Hedge funds and different institutional traders have lately added to or diminished their stakes within the inventory. CWM LLC grew its holdings in ASE Expertise by 116.8% in the course of the second quarter. CWM LLC now owns 5,007 shares of the semiconductor firm’s inventory valued at $26,000 after buying a further 2,697 shares over the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of ASE Expertise by 299.4% within the first quarter. EverSource Wealth Advisors LLC now owns 4,992 shares of the semiconductor firm’s inventory value $35,000 after buying a further 3,742 shares over the last quarter. Fieldpoint Personal Securities LLC grew its stake in shares of ASE Expertise by 137.7% within the first quarter. Fieldpoint Personal Securities LLC now owns 6,239 shares of the semiconductor firm’s inventory value $44,000 after buying a further 3,614 shares over the last quarter. Cambridge Funding Analysis Advisors Inc. acquired a brand new stake in shares of ASE Expertise within the second quarter value $55,000. Lastly, Alera Funding Advisors LLC acquired a brand new stake in shares of ASE Expertise within the second quarter value $57,000. Institutional traders and hedge funds personal 6.57% of the corporate’s inventory.
About ASE Expertise
(Get Score)
ASE Expertise Holding Co, Ltd. supplies a spread of semiconductors packaging and testing, and digital manufacturing providers in america, Taiwan, remainder of Asia, Europe, and internationally. It gives packaging providers, together with flip chip ball grid array (BGA) and chip scale package deal (CSP), superior chip scale packages, quad flat packages, low profile and skinny quad flat packages, bump chip service and quad flat no-lead (QFN) packages, superior QFN packages, plastic BGAs, and 3D chip packages; stacked die options in varied packages; and copper and silver wire bonding options.
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