Nilsine Partners LLC purchased a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 28,322 shares of the semiconductor company’s stock, valued at approximately $1,278,000.
A number of other institutional investors and hedge funds have also modified their holdings of ASX. Jones Financial Companies Lllp increased its stake in ASE Technology by 16.9% in the 1st quarter. Jones Financial Companies Lllp now owns 13,425 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 1,943 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in ASE Technology by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock worth $50,591,000 after purchasing an additional 780,651 shares in the last quarter. Geode Capital Management LLC boosted its position in ASE Technology by 16.3% during the second quarter. Geode Capital Management LLC now owns 13,576 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 1,901 shares in the last quarter. Legal & General Group Plc grew its holdings in ASE Technology by 261.9% in the second quarter. Legal & General Group Plc now owns 15,647 shares of the semiconductor company’s stock valued at $162,000 after purchasing an additional 11,324 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in ASE Technology by 537.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 4,155 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.
ASE Technology Stock Up 0.2%
ASX opened at $37.59 on Monday. The firm has a market cap of $84.02 billion, a P/E ratio of 43.71 and a beta of 1.71. The business’s fifty day simple moving average is $38.59 and its 200 day simple moving average is $32.76. ASE Technology Holding Co., Ltd. has a 52 week low of $10.34 and a 52 week high of $45.51. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.54.
ASE Technology Increases Dividend
The company also recently disclosed an annual dividend, which was paid on Friday, August 7th. Investors of record on Monday, July 6th were paid a dividend of $0.4171 per share. The ex-dividend date of this dividend was Monday, July 6th. This is a positive change from ASE Technology’s previous annual dividend of $0.36. This represents a dividend yield of 96.0%. ASE Technology’s payout ratio is currently 34.88%.
Wall Street Analyst Weigh In
Several research firms recently commented on ASX. Weiss Ratings upgraded shares of ASE Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Zacks Research downgraded shares of ASE Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, ASE Technology presently has an average rating of “Moderate Buy”.
Read Our Latest Analysis on ASX
ASE Technology Company Profile
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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