Bank of America 13F: Cuts ASE Technology (ASX) Stake by $82M
Bank of America has cut its stake in ASE Technology by 22.1%, now holding 6.8 million shares valued at about $287.9 million.
Reviewed by automated data checks against the source filing. How we make and check alerts
Bank of America sold 1,936,538 shares from its stake in ASE Technology Holding Co., Ltd. ($ASX), a 22.08% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 6,833,380 shares worth $287.89 million at the end of the quarter.
Since the filing, $ASX is up 23.1% after 1 week, up 18.3% after 1 month and up 26.2% to date (from the $31.33 close on May 18, 2026).
ASX
ASE Technology Holding Co., Ltd.
Key Points
- Bank of America cut its position in ASE Technology by 1.9 million shares, a 22.1% decrease, leaving it with 6.8 million shares valued at approximately $287.9 million.
- Bank of America held 6,833,380 $ASX shares at quarter end, down 22.08% from the prior quarter.
- ASE Technology's stock closed at $42.13 on the publication date, up from a previous close of $41.63, reflecting positive market sentiment.
- The company operates in the semiconductor sector, with a market cap of about $113.9 billion and a P/E ratio of 53.3.
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Bank of America Cuts Position in ASE Technology
Bank of America has reduced its stake in ASE Technology Holding Co., Ltd. (NYSE: ASX) by 1,936,538 shares, which is a 22.1% decrease. The latest Form 13F filing shows the bank now holds 6,833,380 shares valued at about $287.9 million as of May 18, 2026.
What Changed in Bank of America's Position
The bank's position went from 8,769,918 shares to 6,833,380 shares after this cut. This significant reduction reflects a strategic shift in their investment approach, as they trimmed their holdings in the semiconductor manufacturer.
Institutional Activity
No other institutional funds reported changes in their positions in ASE Technology during this filing period. Bank of America's move stands out as the only notable adjustment in the latest 13F filings.
How ASE Technology Holding Co., Ltd. Stock Has Traded
On the publication date, ASE Technology shares closed at $42.13, slightly higher than the previous close of $41.63. The stock has remained above its 50-day moving average of $38.06, indicating a positive trend. ASE Technology's shares have traded between a 52-week low of $10.93 and a high of $45.52, showing significant volatility in the past year.
Recent Earnings
ASE Technology reported revenue of approximately $711.2 billion and a net margin of 8.5% in its last fiscal year. The next earnings report is scheduled for October 29, 2026, which will provide further insights into the company's financial health.
Insider Buying and Selling at ASE Technology Holding Co., Ltd.
Recent insider activity includes several sales by Du-Tsuen Uang, the Chief Administration Officer. On June 18, 2026, Uang sold 3,000 shares at an average price of $611, totaling about $1.83 million. Just days later, on June 22, he sold an additional 5,000 shares for around $3.34 million, followed by another sale of 3,000 shares on June 23, valued at over $2 million. In contrast, Antonia Korsanos bought 135,000 shares on June 15 for about $4.78 million, signaling some confidence in the company despite other sales.
What ASE Technology Holding Co., Ltd. Does
ASE Technology Holding Co., Ltd. is a leading provider of semiconductor manufacturing services. The company supports a wide range of industries, including computing, communications, and automotive, through its various services such as packaging and testing. The recent changes in institutional holdings highlight the evolving landscape of investments in the semiconductor sector.
What's Ahead for ASE Technology Holding Co., Ltd.
Investors should keep an eye on ASE Technology's upcoming earnings report on October 29, 2026, for insights into its performance amid changing institutional interest. The recent 13F filing reflects holdings as of May 18, 2026, and may not represent current positions. Further filings and insider transactions will provide additional context on market sentiment toward the company.
Related Filing Alerts
Source: Bank of America's 13F filing on $ASX (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Bank of America 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts