ASE Technology Holding Co., Ltd. $ASX Stake Decreased by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd cut its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 79.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 158,159 shares of the semiconductor company’s stock after selling 619,021 shares during the period. ASE Technology accounts for approximately 0.7% of NINE MASTS CAPITAL Ltd’s portfolio, making the stock its 21st biggest holding. NINE MASTS CAPITAL Ltd’s holdings in ASE Technology were worth $7,136,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ASX. Rafferty Asset Management LLC increased its position in ASE Technology by 50.9% in 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 acquiring an additional 2,491,918 shares during the period. Lazard Asset Management LLC boosted its position in ASE Technology by 11.1% during the 4th 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 period. Millennium Management LLC boosted its position in ASE Technology by 130.8% during the 3rd quarter. Millennium Management LLC now owns 3,169,267 shares of the semiconductor company’s stock worth $35,147,000 after acquiring an additional 1,796,357 shares during the period. Bank of America Corp DE grew its stake in shares of 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 worth $91,061,000 after purchasing an additional 1,397,206 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of ASE Technology by 14.3% during the fourth quarter. Morgan Stanley now owns 10,607,588 shares of the semiconductor company’s stock valued at $170,782,000 after purchasing an additional 1,330,580 shares during the period. 6.80% of the stock is owned by institutional investors.

ASE Technology Trading Up 0.2%

Shares of NYSE:ASX opened at $37.87 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.81 and a current ratio of 1.07. The stock has a market capitalization of $84.65 billion, a price-to-earnings ratio of 44.03 and a beta of 1.71. ASE Technology Holding Co., Ltd. has a 1-year low of $9.86 and a 1-year high of $45.51. The company has a 50 day moving average price of $38.99 and a 200 day moving average price of $32.27.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share (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 for the quarter, compared to analysts’ expectations of $5.96 billion. On average, research analysts anticipate that ASE Technology Holding Co., Ltd. will post 1.21 EPS for the current fiscal year.

ASE Technology Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ASX shares. 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 report on Monday, August 24th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

ASE Technology Profile

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.