ASEMI24

Bank of America raised its price target on ASE Technology Holding to $48 from $36 and reaffirmed a Buy rating, citing the company's positioning to benefit from AI infrastructure expansion across GPUs, ASICs, and server CPUs via its VIPack solution. ASE Technology reported unaudited consolidated net revenues of NT$173,662 million for fiscal Q1 2026, up 17.2% year-over-year but down 2.4% sequentially. Net income attributable to shareholders was NT$14,148 million, compared to NT$7,554 million a year earlier and NT$14,713 million in the prior quarter, with basic earnings per share of NT$3.24.

ASE Technology Hldg has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting an upward trend in earnings estimates. The Zacks Consensus Estimate for the company has increased 8.4% over the past three months, with analysts now expecting earnings of $0.84 per share for the fiscal year ending December 2026. The upgrade places ASE Technology Hldg in the top 5% of Zacks-covered stocks, indicating a strong potential for near-term price movement.