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ASE Technology Holding Co (ASX) was upgraded to a Hold Rating at UBS

Tipranks - Tipranks - Fri Jan 9, 4:16AM CST

ASE Technology Holding Co received a Hold rating and a A$54.85 price target from UBS analyst Kieren Chidgey yesterday. The company’s shares closed yesterday at $17.62.

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According to TipRanks, Chidgey is a 3-star analyst with an average return of 7.1% and a 65.38% success rate. Chidgey covers the Financial sector, focusing on stocks such as Insurance Australia Group Limited, Medibank Private, and Suncorp Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ASE Technology Holding Co with a A$36.28 average price target.

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Based on ASE Technology Holding Co’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $171.77 billion and a net profit of $11.08 billion. In comparison, last year the company earned a revenue of $156.4 billion and had a net profit of $9.51 billion

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