In yesterday’s Wall Street session, ASE Technology Holding Co.Ltd ADR (NYSE:ASX) shares traded at $8.52, up 0.12% from the previous session.
20 analysts cover ASE Technology Holding Co.Ltd ADR (NYSE:ASX), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.11 and a low of $7.63, we find $8.81. Given the previous closing price of $8.51, this indicates a potential upside of 3.53 percent. ASX stock price is now 10.19% away from the 50-day moving average and 10.95% away from the 200-day moving average. The market capitalization of the company currently stands at $18.35B.
The stock has received a hold rating from 7 analysts and a buy rating from 10. Brokers who have rated the stock have averaged $9.10 as their price target over the next twelve months.
With the price target enhanced from $6.60 to $9.20, Goldman Upgraded its rating from Neutral to Buy for ASE Technology Holding Co.Ltd ADR (NYSE: ASX).
A total of 0.00% of the company’s stock is owned by insiders.
On Friday morning ASE Technology Holding Co.Ltd ADR (NYSE: ASX) stock kicked off with the opening price of $8.50. During the past 12 months, ASE Technology Holding Co.Ltd ADR has had a low of $6.07 and a high of $9.03. As of last week, the company has a debt-to-equity ratio of 0.70, a current ratio of 1.21, and a quick ratio of 0.89. The fifty day moving average price for ASX is $7.75 and a two-hundred day moving average price translates $7.68 for the stock.
The latest earnings results from ASE Technology Holding Co.Ltd ADR (NYSE: ASX) was released for Sep, 2023. According to the Semiconductors Company, earnings per share came in at $0.13, inline with analysts’ expectations of $0.13. This compares to $0.28 EPS in the same period last year. The net profit margin was 6.34% and return on equity was 13.40% for ASX. The company reported revenue of $4.87 billion for the quarter, compared to $6.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -21.5 percent. For the current quarter, analysts expect ASX to generate $5.41B in revenue.
ASE Technology Holding Co.Ltd ADR(ASX) Company Profile
ASE Technology Holding Co., Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology. ASE Technology Holding Co., Ltd. was founded in 1984 and is headquartered in Kaohsiung, Taiwan.