ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Free Report) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 9,531,995 shares, a decline of 47.5% from the June 30th total of 18,168,448 shares. Based on an average daily trading volume, of 11,656,407 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.6% of the shares of the stock are sold short.
Key Stories Impacting ASE Technology
Here are the key news stories impacting ASE Technology this week:
- Positive Sentiment: Strong revenue growth: ASEH reported second-quarter net revenue of NT$191.064 billion, up 26.7% year over year and 10.0% sequentially. The results point to solid operating momentum across its semiconductor assembly, testing and electronics manufacturing businesses. ASE Technology second-quarter financial results
- Positive Sentiment: Earnings beat expectations: The company reported quarterly EPS of $0.29, exceeding the $0.23 analyst consensus by $0.06. ASE Technology also posted a 7.03% net margin and 13.48% return on equity, supporting the bullish reaction. ASE Technology earnings report
- Positive Sentiment: Higher investment reflects demand: ASE Technology raised its 2026 capital-expenditure plan by $2 billion to approximately $10.5 billion. Management attributed the increase to strong demand, suggesting confidence in future growth and capacity requirements. Reuters report on ASE Technology capital spending
- Neutral Sentiment: Data discrepancy warrants caution: One earnings summary lists revenue of $81.66 million versus a $5.96 billion estimate, which conflicts sharply with the company’s reported NT$191.064 billion revenue and appears likely to be a reporting or currency-conversion error. Investors should rely on the company’s official release when assessing the results. Official ASE Technology financial release
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ASE Technology in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.
Institutional Investors Weigh In On ASE Technology
Several large investors have recently made changes to their positions in the company. Lazard Asset Management LLC grew its holdings in ASE Technology by 11.1% during the 4th quarter. Lazard Asset Management LLC now owns 20,010,829 shares of the semiconductor company’s stock valued at $322,174,000 after buying an additional 1,997,888 shares in the last quarter. Morgan Stanley raised its holdings in shares of ASE Technology by 14.3% during the 4th quarter. Morgan Stanley now owns 10,607,588 shares of the semiconductor company’s stock worth $170,782,000 after acquiring an additional 1,330,580 shares in the last quarter. Bank of America Corp DE boosted its position in shares of ASE Technology by 9.6% during the 3rd quarter. Bank of America Corp DE now owns 9,661,484 shares of the semiconductor company’s stock valued at $107,146,000 after acquiring an additional 846,300 shares during the last quarter. UBS Group AG grew its holdings in shares of ASE Technology by 11.4% in the fourth quarter. UBS Group AG now owns 9,038,322 shares of the semiconductor company’s stock valued at $145,517,000 after purchasing an additional 922,692 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its position in ASE Technology by 50.9% in the second quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock worth $76,361,000 after purchasing an additional 2,491,918 shares during the last quarter. 6.80% of the stock is owned by institutional investors.
ASE Technology Price Performance
Shares of ASX stock traded up $3.73 during mid-day trading on Thursday, hitting $34.85. The company had a trading volume of 13,730,266 shares, compared to its average volume of 9,130,288. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89. The stock’s 50 day moving average price is $38.97 and its 200-day moving average price is $29.48. ASE Technology has a 52-week low of $9.30 and a 52-week high of $45.51. The company has a market capitalization of $77.50 billion, a P/E ratio of 51.26 and a beta of 1.69.
ASE Technology (NYSE:ASX – Get Free Report) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. The company had revenue of $81.66 million during the quarter, compared to analysts’ expectations of $5.96 billion. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. Equities research analysts forecast that ASE Technology will post 1.12 earnings per share for the current year.
ASE Technology Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Friday, August 7th. Stockholders of record on Monday, July 6th will be given a dividend of $0.4171 per share. The ex-dividend date is 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 dividend payout ratio (DPR) is 45.59%.
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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