Goldman Sachs Group Reduces $8M in ASE Technology Holding Co., Ltd. ($ASX)

Goldman Sachs Group recently trimmed its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 182,058 shares, representing a 3% decrease. As of the May 15, 2026 filing, the investment bank holds 5,845,151 shares valued at approximately $254.97 million.

What Changed in Goldman Sachs's ASE Technology Position

Goldman Sachs reduced its position in ASE Technology by 182,058 shares, bringing its total holdings to 5,845,151 shares. This reduction reflects a 3% decrease from its previous holding of 6,027,209 shares, as reported in its latest Form 13F filing.

Other Institutional Activity in ASE Technology

Several other institutional investors also adjusted their stakes in ASE Technology. BlackRock, Inc. increased its holdings by 2,726,484 shares, ending with 22,187,464 shares valued at $481.02 million. Lazard Asset Management LLC reduced its position by 6,480,696 shares, now holding 13,530,133 shares worth $293.33 million. UBS Group AG added 245,443 shares, bringing its total to 9,283,765 shares valued at $201.27 million. Acadian Asset Management LLC grew its stake by 1,108,368 shares, reaching a total of 7,370,434 shares worth $159.77 million. Meanwhile, Bank of America Corp reduced its position by 1,936,538 shares to 6,833,380 shares valued at $148.15 million.

ASE Technology Holding Co., Ltd. Stock Up 11.5%

Shares of NYSE:ASX traded near $43.62 on Wednesday. ASE Technology has a market cap of $95.7 billion and a P/E ratio of 68.16, with a forward P/E of 30.46. The stock has a 52-week low of $9.30 and a high of $44.46. Its 50-day moving average stands at $33.49, and the 200-day average is $21.02. The company has a current ratio of 1.15 and a debt-to-equity ratio of 67.16.

Recent Earnings

ASE Technology reported revenue of $670.9 billion, with a growth rate of 17.2%. The company's net margin is 7.04%, and return on equity stands at 13.58%. Its earnings per share is $0.64. The next earnings report is expected on July 30, 2026.

Dividend

ASE Technology pays an annual dividend rate of $0.36, yielding 0.88%. The dividend payout ratio is 50.88%.

Insider Buying and Selling at ASE Technology Holding Co., Ltd.

In June 2026, Chief Administration Officer Uang Du-Tsuen sold shares on multiple occasions: 3,000 shares at $697 on June 23, 5,000 shares at $667 on June 22, and 3,000 shares at $611 on June 18. Antonia Korsanos and Jamie Odell each sold 30,000 shares at $90.08 on June 16, while Korsanos also bought 135,000 shares at $35.42 on June 15.

Analysts Set New Price Targets

On July 28, 2023, Goldman Sachs upgraded ASE Technology to a 'buy' rating with a price target of $9.20. The consensus among analysts is a 'strong buy', with a mean price target of $36.47 based on two opinions.

About ASE Technology

ASE Technology Holding Co., Ltd. is a major player in the semiconductor industry, providing packaging, testing, and electronic manufacturing services. Headquartered in Kaohsiung, Taiwan, the company operates globally, serving sectors such as computing, communications, and automotive. Led by CEO Hung-Pen Chang, ASE employs over 107,950 people.

Bottom Line

Goldman Sachs's recent reduction in ASE Technology shares reflects a slight repositioning while maintaining a significant stake in the company. Investors keep a close watch on such filings to gauge institutional confidence. Remember, 13F filings are backward-looking and may not represent current positions.