Stock Track | ASE Technology Surges 5.92% on Strong Q3 Earnings and Analyst Upgrade

Stock Track
Oct 31

ASE Technology (ASX), a leading semiconductor manufacturing services provider, saw its stock soar 5.92% in a 24-hour period on Thursday, driven by impressive third-quarter earnings results and a positive analyst upgrade.

The company's Q3 2025 financial report exceeded market expectations, with net income attributable to shareholders reaching NT$10,870 million, up from NT$9,733 million year-over-year. Earnings per share (EPS) came in at NT$2.50 (US$0.168 per ADS), surpassing analysts' projections of NT$2.01. Total net revenues increased by 5.3% year-over-year to NT$168,569 million, with the company's core assembly, testing, and materials (ATM) operations showing particularly strong growth of 16.9%.

Adding to the positive sentiment, Nomura analyst Aaron Jeng upgraded ASE Technology from Neutral to Buy, significantly raising the price target from NT$150 to NT$260. This upgrade, coupled with the company's strong financial performance and improved profitability metrics, underscores investors' confidence in ASE Technology's strategic position within the global semiconductor industry and its ability to capitalize on the growing demand for semiconductor manufacturing services.

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