ASE Technology (NYSE:ASX) Shares Gap Up – Here’s Why

Posted by George Bondi on Aug 12th, 2026

ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $37.39, but opened at $39.05. ASE Technology shares last traded at $38.7460, with a volume of 1,997,127 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ASX shares. Weiss Ratings restated a “hold (c+)” rating on shares of ASE Technology in a report on Tuesday, June 9th. Zacks Research upgraded ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. 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 company’s stock. Based on data from MarketBeat.com, ASE Technology currently has a consensus rating of “Buy”.

View Our Latest Research Report on ASX

ASE Technology Price Performance

The company’s 50-day moving average price is $38.89 and its two-hundred day moving average price is $30.63. The company has a market cap of $85.89 billion, a P/E ratio of 44.92 and a beta of 1.71. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54.

ASE Technology (NYSE:ASX – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. The business had revenue of $81.66 million for the quarter, compared to analysts’ expectations of $5.96 billion. ASE Technology had a net margin of 8.52% and a return on equity of 16.12%. As a group, sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 1.21 earnings per share for the current year.

ASE Technology Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, August 7th. Shareholders of record on Monday, July 6th were issued a dividend of $0.4171 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a yield of 96.0%. This is a boost from ASE Technology’s previous annual dividend of $0.36. ASE Technology’s dividend payout ratio (DPR) is 34.88%.

Institutional Investors Weigh In On ASE Technology

A number of institutional investors have recently made changes to their positions in ASX. Rafferty Asset Management LLC grew its position in shares of ASE Technology by 50.9% during the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock valued at $76,361,000 after buying an additional 2,491,918 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in ASE Technology by 11.1% in the fourth quarter. Lazard Asset Management LLC now owns 20,010,829 shares of the semiconductor company’s stock worth $322,174,000 after acquiring an additional 1,997,888 shares during the last quarter. Millennium Management LLC boosted its stake in ASE Technology by 130.8% in the third quarter. Millennium Management LLC now owns 3,169,267 shares of the semiconductor company’s stock valued at $35,147,000 after acquiring an additional 1,796,357 shares during the period. Bank of America Corp DE boosted its stake in ASE Technology by 18.8% in the second quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock valued at $91,061,000 after acquiring an additional 1,397,206 shares during the period. Finally, Morgan Stanley boosted its stake in ASE Technology by 14.3% in the fourth quarter. Morgan Stanley now owns 10,607,588 shares of the semiconductor company’s stock valued at $170,782,000 after acquiring an additional 1,330,580 shares during the period. 6.80% of the stock is currently owned by institutional investors.

About ASE Technology

(Get Free Report)

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.