ASE Technology Holding Co. Ltd. [ASX] is 54.62% higher this YTD. Is it still time to buy?

ASE Technology Holding Co. Ltd. [NYSE: ASX] closed the trading session at $9.03 on 08/02/21. The day’s price range saw the stock hit a low of $9.01, while the highest price level was $9.16. The company report on July 29, 2021 that ASE Technology Holding Co., Ltd. Reports Unaudited Consolidated Financial Results for the Second Quarter of 2021.

ASE Technology Holding Co., Ltd. (TAIEX: 3711, NYSE: ASX) (“We”, “ASEH”, or the “Company”), the leading provider of semiconductor manufacturing services in assembly and test, reported unaudited net revenues[1] of NT$126,926 million for 2Q21, up by 18% year-over-year and up by 6% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$10,338 million, up from a net income attributable to shareholders of the parent of NT$6,937 million in 2Q20 and up from a net income attributable to shareholders of the parent of NT$8,477 million in 1Q21. Basic earnings per share for the quarter were NT$2.40 (or US$0.171 per ADS), compared to NT$1.63 for 2Q20 and NT$1.97 for 1Q21. Diluted earnings per share for the quarter were NT$2.30 (or US$0.164 per ADS), compared to NT$1.60 for 2Q20 and NT$1.92 for 1Q21. We have completed the identification of the difference between the cost of the investment and our share of the net fair value of Asteelflash’s identifiable assets and liabilities in 2Q21; therefore, we retrospectively adjusted the amounts for 1Q21. Such adjustments included an increase of NT$397 million to total assets, an increase of NT$507 million to total liabilities and a decrease of NT$110 million to shareholders’ equity as of March 31, 2021. The revaluation resulted in an increase of NT$119 million to inventory cost, depreciation, amortization, income tax benefit and non-controlling interest for 1Q21.

RESULTS OF OPERATIONS.

The stocks have a year to date performance of 54.62 percent and weekly performance of 8.93 percent. The stock has been moved at 30.49 percent over the last six months. The stock has performed 12.17 percent around the most recent 30 days and changed 11.90 percent over the most recent 3-months.

If compared to the average trading volume of 2.45M shares, ASX reached to a volume of 3481534 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about ASE Technology Holding Co. Ltd. [ASX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ASX shares is $9.28 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ASX stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Nomura have made an estimate for ASE Technology Holding Co. Ltd. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 25, 2021. The new note on the price target was released on September 24, 2019, representing the official price target for ASE Technology Holding Co. Ltd. stock.

The Average True Range (ATR) for ASE Technology Holding Co. Ltd. is set at 0.24, with the Price to Sales ratio for ASX stock in the period of the last 12 months amounting to 1.03. The Price to Book ratio for the last quarter was 2.36, with the Price to Cash per share for the same quarter was set at 1.38. Price to Free Cash Flow for ASX in the course of the last twelve months was 6.65 with Quick ratio for the last quarter at 1.00.

ASX stock trade performance evaluation

ASE Technology Holding Co. Ltd. [ASX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.93. With this latest performance, ASX shares gained by 12.17% in over the last four-week period, additionally plugging by 30.49% over the last 6 months – not to mention a rise of 80.24% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ASX stock in for the last two-week period is set at 65.83, with the RSI for the last a single of trading hit 70.93, and the three-weeks RSI is set at 62.35 for ASE Technology Holding Co. Ltd. [ASX]. The present Moving Average for the last 50 days of trading for this stock 8.30, while it was recorded at 8.60 for the last single week of trading, and 7.12 for the last 200 days.

ASE Technology Holding Co. Ltd. [ASX]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ASE Technology Holding Co. Ltd. [ASX] shares currently have an operating margin of +7.43 and a Gross Margin at +15.42. ASE Technology Holding Co. Ltd.’s Net Margin is presently recorded at +5.78.

Return on Total Capital for ASX is now 8.17, given the latest momentum, and Return on Invested Capital for the company is 7.32. Return on Equity for this stock inclined to 13.15, with Return on Assets sitting at 4.84. When it comes to the capital structure of this company, ASE Technology Holding Co. Ltd. [ASX] has a Total Debt to Total Equity ratio set at 90.53. Additionally, ASX Total Debt to Total Capital is recorded at 47.51, with Total Debt to Total Assets ending up at 33.94. Long-Term Debt to Equity for the company is recorded at 71.63, with the Long-Term Debt to Total Capital now at 37.60.

Receivables Turnover for the company is 5.08 with a Total Asset Turnover recorded at a value of 0.84.ASE Technology Holding Co. Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.40.

Earnings per share (EPS) analysis for ASE Technology Holding Co. Ltd. [ASX] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ASX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ASE Technology Holding Co. Ltd. go to 34.20%.

ASE Technology Holding Co. Ltd. [ASX]: Insider Ownership positions

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Positions in ASE Technology Holding Co. Ltd. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 109 institutional holders increased their position in ASE Technology Holding Co. Ltd. [NYSE:ASX] by around 33,859,155 shares. Additionally, 59 investors decreased positions by around 13,596,862 shares, while 25 investors held positions by with 68,030,351 shares. The mentioned changes placed institutional holdings at 115,486,368 shares, according to the latest SEC report filing. ASX stock had 32 new institutional investments in for a total of 4,248,649 shares, while 18 institutional investors sold positions of 8,111,888 shares during the same period.

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