In recent trading session, ASE Technology Holding Co., Ltd. (NYSE:ASX) saw 2,285,284 shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $7.61 trading at $0.48 or 6.66% at last check today assigns it a market valuation of $16.11 Billion. That most recent trading price of ASX’s stock is at a discount of -0.92% from its 52-week high price of $7.68 and is indicating a premium of 58.34% from its 52-week low price of $3.17. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.36 Million shares which gives us an average trading volume of 1.13 Million if we extend that period to 3-months.
For ASE Technology Holding Co., Ltd. (ASX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.5. Splitting up the data highlights that, out of 22 analysts covering the stock, none rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 16 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.08 in the current quarter.
ASE Technology Holding Co., Ltd. (NYSE:ASX) trade information
Upright in the green today for gaining 6.66%, in the last five days ASX remained trading in the green while hitting it’s week-highest on Thursday, Jan 14 when the stock touched $7.68-0 price level, adding 0.85% to its value on the day. ASE Technology Holding Co., Ltd.’s shares saw a change of 30.31% in year-to-date performance and have moved 15.83% in past 5-day. ASE Technology Holding Co., Ltd. (NYSE:ASX) showed a performance of 37.12% in past 30-days. Number of shares sold short was 1.01 Million shares which calculate 0.89 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $6.37 to the stock, which implies targetted prices is already lagging behind -16.29% to its recent value today. Analysts have been projecting $5.03 as a low price target for the stock while placing it at a high target of $7.86. It follows that stock’s price at last check today has to jump +3.29% in reaching the projected high whereas dropping to the targeted low would mean a loss of -33.9% for stock’s latest value.
ASE Technology Holding Co., Ltd. (ASX) estimates and forecasts
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.24 Billion for the same. And 3 analysts are in estimates of company making revenue of $4.57 Billion in the next quarter that will end in Feb 2021. Company posted $3.77 Billion and $3.81 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 12.5% while estimating it to be 20% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2021, company’s earnings growth rate is likely to be around -33.5% while estimates for its earnings growth in next 5 years are of 34.2%
ASE Technology Holding Co., Ltd. is more likely release its next earnings report in March, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.91%, the share has a forward dividend of 0.14 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.83%.
ASE Technology Holding Co., Ltd. (NYSE:ASX)’s Major holders
Insiders are in possession of 0% of company’s total shares while institution are holding 4.41% percent of that, with stock having share float percentage of 4.41%. Investors also watch the number of corporate investors in a company very closely, which is 168 institutions for ASE Technology Holding Co., Ltd. that are currently holding shares of the company. Fisher Asset Management, LLC is the top institutional holder at ASX for having 26.94 Million shares of worth $109.93 Million. And as of September 29, 2020, it was holding 1.24% of the company’s outstanding shares.
The second largest institutional holder is Schroder Investment Management Group, which was holding about 9.03 Million shares on September 29, 2020. The number of shares represents firm’s hold over 0.42% of outstanding shares, having a total worth of $36.84 Million.
On the other hand, Fidelity Select Portfolios – Semiconductors Portfolio and DFA Emerging Markets Core Equity Portfolio are the top two Mutual Funds which own company’s shares. As of November 29, 2020, the former fund manager was holding 1396600 shares of worth $7.43 Million or 0.06% of the total outstanding shares. The later fund manager was in possession of 483.47 Thousand shares on October 30, 2020, making its stake of worth around $2.21 Million in the company or a holder of 0.02% of company’s stock.
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