ASX Stock Drops 5%, Financial Performance and Market Activity Examined

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The stock of ASE Technology Holding (ASX, Financial) experienced a significant drop of 5.05%. The stock is currently priced at $9.68 per share, with a trading volume of 2.667 million shares and a turnover rate of 0.12%, while exhibiting a volatility of 3.19%.

According to recent financial reports, ASE Technology Holding recorded a revenue of $4.335 billion, a net profit of $241 million, and earnings per share (EPS) of $0.11. The company's gross profit stood at $673 million, with a price-to-earnings (P/E) ratio of 19.65.

In the semiconductor sector, which ASE Technology Holding is a part of, the overall decline was 1.11%. Among related stocks, Sequans Communications, Daqo New Energy, and ACM Research showed notable gains. Meanwhile, Wolfspeed, WiSA Technologies, and ACM Research were more active with turnover rates of 4.11%, 3.39%, and 2.51% respectively. High volatility was observed in stocks like GigaDevice, MetaLinks, and Sealsq Corp with fluctuations of 29.70%, 18.32%, and 10.64% respectively.

ASE Technology Holding specializes in semiconductor assembly and testing. Its business segments include packaging, testing, and electronic manufacturing services (EMS), with the packaging segment contributing the most to revenue. The company is headquartered in Taiwan but derives more than half of its sales from the United States.

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.