ASX Stock Summary and Trading Ideas (Ase Tech Holding Co | NYSE:ASX)

ASE Technology Holding Co Ltd is a semiconductor assembly and testing firm. The company operates in segments: Packaging, Testing, and Electronic Manufacturing Services. Of these, Electronic Manufacturing Services contribute the maximum revenue. The packaging segment involves packaging bare semiconductors into completed semiconductors with improved electrical and thermal characteristics. The Testing Segment includes front-end engineering testing, wafer probing, and final testing services. In the EMS segment, the company designs manufactures, and sells electronic components and telecommunication equipment motherboards. The company is based in Taiwan but garners over half its sales from firms in the United States.

Ase Tech Holding Co trades on the NYSE stock market under the symbol ASX.

As of April 19, 2024, ASX stock price declined to $10.05 with 7,018,276 million shares trading.

ASX has a beta of 1.40, meaning it tends to be more sensitive to market movements. ASX has a correlation of 0.22 to the broad based SPY ETF.

ASX has a market cap of $21.70 billion. This is considered a Large Cap stock.

Last quarter Ase Tech Holding Co reported $5 billion in Revenue and $.13 earnings per share. This fell short of revenue expectation by $-280 million and exceeded earnings estimates by $.00.

In the last 3 years, ASX stock traded as high as $11.68 and as low as $4.45.

The top ETF exchange traded funds that ASX belongs to (by Net Assets): SOXX, SOXL, AVEM, TDIV, AVES.

ASX has outperformed the market in the last year with a return of +44.9%, while the SPY ETF gained +21.2%. In the last 3 month period, ASX beat the market returning +11.0%, while SPY returned +4.3%. However, in the most recent 2 weeks ASX has underperformed the stock market by returning -8.0%, while SPY returned -3.5%.

ASX support price is $10.15 and resistance is $10.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ASX stock will trade within this expected range on the day.