ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASXFree Report) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 748,186 shares of the semiconductor company’s stock after selling 166,790 shares during the period. Wells Fargo & Company MN’s holdings in ASE Technology were worth $7,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ASX. Principal Securities Inc. bought a new position in shares of ASE Technology during the 4th quarter valued at about $41,000. GAMMA Investing LLC bought a new position in shares of ASE Technology during the 4th quarter valued at about $52,000. Pathstone Family Office LLC bought a new position in shares of ASE Technology during the 3rd quarter valued at about $93,000. BetterWealth LLC bought a new position in shares of ASE Technology during the 4th quarter valued at about $94,000. Finally, Capital Management Associates Inc bought a new position in shares of ASE Technology during the 4th quarter valued at about $94,000. Institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

Shares of ASX opened at $10.84 on Friday. ASE Technology Holding Co., Ltd. has a one year low of $7.20 and a one year high of $11.68. The company has a 50-day moving average of $10.68 and a two-hundred day moving average of $9.90. The stock has a market cap of $23.76 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 0.60 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 0.92.

ASE Technology (NYSE:ASXGet Free Report) last announced its earnings results on Thursday, April 25th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). ASE Technology had a return on equity of 10.09% and a net margin of 5.41%. The firm had revenue of $4.24 billion during the quarter. During the same period last year, the firm posted $0.09 EPS. On average, equities research analysts expect that ASE Technology Holding Co., Ltd. will post 0.62 earnings per share for the current year.

ASE Technology Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 2nd will be issued a $0.3209 dividend. This represents a dividend yield of 2.2%. The ex-dividend date is Tuesday, July 2nd. ASE Technology’s payout ratio is 91.31%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Tuesday.

Get Our Latest Research Report on ASX

ASE Technology Profile

(Free Report)

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.

See Also

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

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