Shares of ASE Technology Holding Co. Ltd. American Depositary Shares (each representing Two) (NYSE:ASX) traded at a new 52-week high today of $9.55. Approximately 987,000 shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.
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, packaging services contribute the most revenue. It 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 manufacture 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.
In the past 52 weeks, shares of ASE Technology Holding Co. Ltd. American Depositary Shares (each representing Two) have traded between a low of $3.88 and a high of $9.55 and is now at $9.53, which is 145% above that low price.
Based on a current price of $9.53, ASE Technology Holding Co. Ltd. American Depositary Shares (each representing Two) is currently 41.3% above its average consensus analyst price target of $5.59.
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