Posted by admin on Jun 23rd, 2022

Veriti Management LLC increased its position in ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Rating) by 2.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 164,796 shares of the semiconductor company’s stock after acquiring an additional 3,726 shares during the period. Veriti Management LLC’s holdings in ASE Technology were worth $1,168,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ASX. Invesco Ltd. grew its holdings in ASE Technology by 0.6% during the third quarter. Invesco Ltd. now owns 560,211 shares of the semiconductor company’s stock valued at $4,398,000 after purchasing an additional 3,224 shares during the last quarter. Royal Bank of Canada grew its holdings in ASE Technology by 20.1% during the third quarter. Royal Bank of Canada now owns 516,352 shares of the semiconductor company’s stock valued at $4,054,000 after purchasing an additional 86,435 shares during the last quarter. Guggenheim Capital LLC grew its holdings in ASE Technology by 151.7% during the third quarter. Guggenheim Capital LLC now owns 56,342 shares of the semiconductor company’s stock valued at $442,000 after purchasing an additional 33,953 shares during the last quarter. Tudor Investment Corp Et Al acquired a new position in ASE Technology during the third quarter valued at approximately $420,000. Finally, Millennium Management LLC grew its holdings in ASE Technology by 160.8% during the third quarter. Millennium Management LLC now owns 1,493,688 shares of the semiconductor company’s stock valued at $11,725,000 after purchasing an additional 921,004 shares during the last quarter. Institutional investors own 6.48% of the company’s stock.

Separately, StockNews.com raised ASE Technology from a “hold” rating to a “buy” rating in a research report on Saturday, April 23rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.10.

ASX opened at $6.43 on Thursday. ASE Technology Holding Co., Ltd. has a 1-year low of $6.18 and a 1-year high of $9.62. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $14.11 billion, a price-to-earnings ratio of 5.85, a P/E/G ratio of 0.30 and a beta of 1.02. The business has a 50 day moving average of $6.71 and a 200-day moving average of $7.13.

ASE Technology (NYSE:ASX – Get Rating) last issued its earnings results on Thursday, April 28th. The semiconductor company reported $0.21 EPS for the quarter. The firm had revenue of $5.16 billion during the quarter. ASE Technology had a return on equity of 26.31% and a net margin of 11.49%. Equities analysts predict that ASE Technology Holding Co., Ltd. will post 0.87 EPS for the current year.

The company also recently announced an annual dividend, which will be paid on Thursday, August 4th. Investors of record on Thursday, June 30th will be given a $0.4794 dividend. This is a boost from ASE Technology’s previous annual dividend of $0.30. This represents a yield of 8%. The ex-dividend date is Wednesday, June 29th. ASE Technology’s dividend payout ratio (DPR) is 20.00%.

ASE Technology Profile (Get Rating)

ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It offers packaging services, including flip chip ball grid array (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packages, low profile and thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, and 3D chip packages; stacked die solutions in various packages; and copper and silver wire bonding solutions.

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