Billionaire Cliff Asness’ 5 New Stock Picks

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In this article, we discuss billionaire Cliff Asness’ top 5 new stock picks. If you want to see more of billionaire Cliff Asness’ new stock picks, go directly to Billionaire Cliff Asness’ 10 New Stock Picks.

5. ASE Technology Holding Co., Ltd. (NYSE:ASX)

AQR Capital Management’s Stake Value as of 9/30: $3,313,000

Percentage of AQR Capital Management’s 13F Portfolio as of 9/30: <0.01%

ASE Technology Holding Co., Ltd. (NYSE:ASX) is a provider of semiconductor packaging and testing services based in Taiwan. Despite macroeconomic headwinds, the company is growing sales. For the month of October, ASE Technology Holding Co., Ltd. (NYSE:ASX) made $2.01 billion in sales, up from $1.9 billion last year. For Q3, the company reported sales of $6.26 billion, up from $5.42 billion in Q3 2021. In terms of earnings, analyst estimate ASE Technology Holding Co., Ltd. (NYSE:ASX) will earn $0.88 per share in 2022, $0.72 per share in 2023, and $0.80 per share in 2024. If geopolitical relations between China and the U.S. deteriorates, however, the company might not meet earnings estimates. AQR Capital Management established a new position of $3,313,000 in ASE Technology Holding Co., Ltd. (NYSE:ASX) in Q3.

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