ASE Technology (ASX) Sees 5% Stock Surge Amid Semiconductor Industry Gains

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Oct 17, 2024
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ASE Technology Holding Co., Ltd. (ASX, Financial) experienced a significant stock price increase of 5.06%. The stock is currently priced at $10.90 per share with a trading volume of 2.09785 million shares and a turnover rate of 0.10%. The stock's price fluctuation is at 1.88%.

Recent financial reports reveal that ASE Technology reported a revenue of $4.335 billion, a net profit of $241 million, earnings per share (EPS) of $0.11, and a gross profit of $673 million. The price-to-earnings (P/E) ratio stands at 22.11.

No institutional ratings have been provided for ASE Technology (ASX, Financial) regarding "buy," "hold," or "sell" recommendations. Within the broader semiconductor industry, the overall gain was 3.50%. Other significant movers in the sector included Taiwan Semiconductor Manufacturing Company, Mobix Labs, Inc., and Aehr Test Systems.

ASE Technology is a leading semiconductor assembly and testing firm, primarily engaged in packaging, testing, and electronic manufacturing services. Its packaging services are the largest revenue contributor, focusing on enhancing semiconductor electrical and thermal properties. The company is headquartered in Taiwan, with over half of its sales generated from U.S. clients.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.