ASE Technology Holding Co., Ltd. (NYSE:ASX) Position Increased by Veriti Management LLC

Veriti Management LLC raised its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASXGet Rating) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,796 shares of the semiconductor company’s stock after purchasing an additional 3,726 shares during the period. Veriti Management LLC’s holdings in ASE Technology were worth $1,168,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ASX. Schroder Investment Management Group increased its stake in ASE Technology by 179.4% during the fourth quarter. Schroder Investment Management Group now owns 10,785,001 shares of the semiconductor company’s stock valued at $42,115,000 after purchasing an additional 6,924,641 shares during the last quarter. Rafferty Asset Management LLC bought a new position in shares of ASE Technology during the fourth quarter worth about $19,718,000. Fisher Asset Management LLC grew its position in shares of ASE Technology by 8.7% during the fourth quarter. Fisher Asset Management LLC now owns 26,238,665 shares of the semiconductor company’s stock worth $204,924,000 after acquiring an additional 2,110,767 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of ASE Technology by 36,853.5% during the third quarter. BNP Paribas Arbitrage SA now owns 1,187,685 shares of the semiconductor company’s stock worth $9,323,000 after acquiring an additional 1,184,471 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of ASE Technology by 160.8% during the third quarter. Millennium Management LLC now owns 1,493,688 shares of the semiconductor company’s stock worth $11,725,000 after acquiring an additional 921,004 shares during the last quarter. Hedge funds and other institutional investors own 6.48% of the company’s stock.

ASX stock opened at $6.43 on Thursday. The company has a market capitalization of $14.11 billion, a P/E ratio of 5.85, a PEG ratio of 0.30 and a beta of 1.02. The company has a 50-day simple moving average of $6.71 and a 200 day simple moving average of $7.13. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.18 and a fifty-two week high of $9.62. The company has a quick ratio of 0.88, a current ratio of 1.22 and a debt-to-equity ratio of 0.59.

ASE Technology (NYSE:ASXGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The semiconductor company reported $0.21 earnings per share for the quarter. The business had revenue of $5.16 billion during the quarter. ASE Technology had a net margin of 11.49% and a return on equity of 26.31%. Equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.87 EPS for the current year.

The business also recently disclosed an annual dividend, which will be paid on Thursday, August 4th. Investors of record on Thursday, June 30th will be issued a $0.4794 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a yield of 8%. This is an increase from ASE Technology’s previous annual dividend of $0.30. ASE Technology’s dividend payout ratio is presently 20.00%.

Separately, StockNews.com upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Saturday, April 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $8.10.

ASE Technology Company Profile (Get Rating)

ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It offers packaging services, including flip chip ball grid array (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packages, low profile and thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, and 3D chip packages; stacked die solutions in various packages; and copper and silver wire bonding solutions.

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Institutional Ownership by Quarter for ASE Technology (NYSE:ASX)

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