ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $44.64 and last traded at $44.8380, with a volume of 2290612 shares traded. The stock had previously closed at $42.13.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of ASE Technology in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, ASE Technology presently has an average rating of “Buy”.
View Our Latest Stock Analysis on ASE Technology
ASE Technology Stock Performance
ASE Technology (NYSE:ASX – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.32 billion. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. On average, research analysts predict that ASE Technology Holding Co., Ltd. will post 0.84 EPS for the current year.
ASE Technology Increases Dividend
The firm also recently declared an annual dividend, which will be paid on Friday, August 7th. Stockholders of record on Monday, July 6th will be paid a $0.4171 dividend. This is a boost from ASE Technology’s previous annual dividend of $0.36. The ex-dividend date of this dividend is Monday, July 6th. This represents a dividend yield of 111.0%. ASE Technology’s dividend payout ratio is currently 38.24%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC acquired a new stake in ASE Technology in the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd lifted its position in ASE Technology by 180,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,810 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 1,809 shares in the last quarter. Bessemer Group Inc. grew its holdings in ASE Technology by 135.4% during the 1st quarter. Bessemer Group Inc. now owns 1,438 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 827 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in ASE Technology during the 4th quarter worth $32,000. Finally, UMB Bank n.a. acquired a new position in shares of ASE Technology during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.
About ASE Technology
ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.
ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.
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