Engineers Gate Manager LP cut its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX – Free Report) by 49.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 48,444 shares of the semiconductor company’s stock after selling 47,611 shares during the period. Engineers Gate Manager LP’s holdings in ASE Technology were worth $2,186,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its holdings in ASE Technology by 1.7% in the fourth quarter. Natixis Advisors LLC now owns 2,543,138 shares of the semiconductor company’s stock worth $40,945,000 after purchasing an additional 42,623 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of ASE Technology by 7.5% during the 1st quarter. Hsbc Holdings PLC now owns 2,014,412 shares of the semiconductor company’s stock valued at $43,654,000 after buying an additional 140,628 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of ASE Technology by 9.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,399,553 shares of the semiconductor company’s stock valued at $30,342,000 after buying an additional 125,324 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of ASE Technology by 59.7% in the 4th quarter. BNP Paribas Financial Markets now owns 898,625 shares of the semiconductor company’s stock worth $14,468,000 after buying an additional 335,973 shares during the period. Finally, Sei Investments Co. grew its position in shares of ASE Technology by 12.1% in the 1st quarter. Sei Investments Co. now owns 812,019 shares of the semiconductor company’s stock worth $17,604,000 after buying an additional 87,689 shares during the period. 6.80% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
ASX has been the subject of several research reports. Weiss Ratings upgraded shares of ASE Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Zacks Research lowered shares of ASE Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
ASE Technology Stock Down 5.7%
ASX stock opened at $37.20 on Tuesday. ASE Technology Holding Co., Ltd. has a twelve month low of $10.93 and a twelve month 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. The firm has a market cap of $83.16 billion, a PE ratio of 43.26 and a beta of 1.71. The business has a 50 day moving average of $38.14 and a 200 day moving average of $33.42.
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, topping 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 business had revenue of $81.66 million for the quarter, compared to the consensus estimate of $5.96 billion. On average, research analysts forecast that ASE Technology Holding Co., Ltd. will post 1.23 EPS for the current fiscal year.
ASE Technology Increases Dividend
The business also recently declared an annual dividend, which was paid on Friday, August 7th. Stockholders of record on Monday, July 6th were given a $0.4171 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a dividend yield of 96.0%. This is a boost from ASE Technology’s previous annual dividend of $0.36. ASE Technology’s payout ratio is presently 34.88%.
About ASE Technology
ASE Technology Holding Co, Ltd. is a Taiwan-based semiconductor manufacturing services company. Through its subsidiaries, including Advanced Semiconductor Engineering, Inc and Siliconware Precision Industries Co, Ltd., the company provides outsourced semiconductor assembly and testing (OSAT) services for chipmakers and electronics companies.
Its services include semiconductor packaging, wafer probing, final testing, electronic manufacturing services, and related materials and engineering solutions.
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