Royal Bank of Canada decreased its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX – Free Report) by 13.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 503,877 shares of the semiconductor company’s stock after selling 76,954 shares during the period. Royal Bank of Canada’s holdings in ASE Technology were worth $10,925,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Parallel Advisors LLC lifted its position in ASE Technology by 1.9% during the 4th quarter. Parallel Advisors LLC now owns 25,975 shares of the semiconductor company’s stock worth $418,000 after acquiring an additional 482 shares in the last quarter. Commonwealth Equity Services LLC grew its position in ASE Technology by 5.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,223 shares of the semiconductor company’s stock valued at $181,000 after acquiring an additional 589 shares in the last quarter. Vest Financial LLC raised its stake in shares of ASE Technology by 5.2% during the fourth quarter. Vest Financial LLC now owns 12,954 shares of the semiconductor company’s stock valued at $209,000 after purchasing an additional 637 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of ASE Technology by 0.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 120,598 shares of the semiconductor company’s stock valued at $1,942,000 after purchasing an additional 643 shares during the period. Finally, Transamerica Financial Advisors LLC lifted its position in shares of ASE Technology by 24.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 3,435 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 683 shares in the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.
Wall Street Analyst Weigh In
ASX has been the subject of several analyst reports. Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ASE Technology in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.
ASE Technology Price Performance
ASX stock opened at $37.43 on Friday. 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 Holding Co., Ltd. has a 52-week low of $9.52 and a 52-week high of $45.51. The stock’s 50 day moving average is $38.92 and its two-hundred day moving average is $30.29. The company has a market capitalization of $83.22 billion, a PE ratio of 43.52 and a beta of 1.71.
ASE Technology (NYSE:ASX – Get Free Report) last released its earnings results on Thursday, July 30th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. ASE Technology had a return on equity of 16.12% and a net margin of 8.52%.The company had revenue of $81.66 million during the quarter, compared to analysts’ expectations of $5.96 billion. Analysts predict that ASE Technology Holding Co., Ltd. will post 1.21 earnings per share for the current fiscal year.
ASE Technology Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Friday, August 7th. Shareholders of record on Monday, July 6th were paid a dividend of $0.4171 per share. This is a positive change from ASE Technology’s previous annual dividend of $0.36. The ex-dividend date was Monday, July 6th. This represents a yield of 96.0%. ASE Technology’s payout ratio is currently 34.88%.
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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