Stock Track | ASE Technology Soars 7.83% on Strong Q3 Earnings Beat and Analyst Upgrade

Stock Track
Oct 31

ASE Technology (ASX), a leading semiconductor manufacturing services provider, saw its stock price surge 7.83% in pre-market trading on Friday. The significant uptick comes on the heels of the company's impressive third-quarter earnings report for 2025 and a notable analyst upgrade.

ASE Technology's Q3 2025 financial results substantially exceeded market expectations. Net income attributable to shareholders reached NT$10,870 million, up from NT$9,733 million year-over-year. Earnings per share (EPS) came in at NT$2.50, significantly surpassing analysts' projections of NT$2.01. The company's core assembly, testing, and materials (ATM) operations showed particularly strong growth, with net revenues rising 16.9% year-over-year to NT$100,289 million.

Adding fuel to the stock's rise, Nomura analyst Aaron Jeng upgraded ASE Technology from Neutral to Buy, while substantially raising the price target from NT$150 to NT$260. This upgrade, coupled with the strong earnings report, underscores growing confidence in ASE Technology's market position and future prospects in the semiconductor industry. Investors appear enthusiastic about the company's ability to capitalize on increasing demand for semiconductor manufacturing services and its strategic importance in the global tech supply chain.

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