ASE Technology Holding Co., Ltd. $ASX Stake Boosted by Acadian Asset Management LLC

Acadian Asset Management LLC increased its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 35.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,973,038 shares of the semiconductor company’s stock after buying an additional 2,842,631 shares during the quarter. Acadian Asset Management LLC owned about 0.50% of ASE Technology worth $96,110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Financial Advisors Inc. lifted its position in shares of ASE Technology by 5.3% during the 1st quarter. Legacy Financial Advisors Inc. now owns 20,611 shares of the semiconductor company’s stock valued at $181,000 after acquiring an additional 1,042 shares during the last quarter. Choreo LLC increased its position in ASE Technology by 10.7% during the first quarter. Choreo LLC now owns 11,520 shares of the semiconductor company’s stock worth $101,000 after buying an additional 1,113 shares during the last quarter. CW Advisors LLC increased its position in ASE Technology by 5.0% during the first quarter. CW Advisors LLC now owns 27,449 shares of the semiconductor company’s stock worth $240,000 after buying an additional 1,301 shares during the last quarter. Russell Investments Group Ltd. increased its position in ASE Technology by 14.9% during the first quarter. Russell Investments Group Ltd. now owns 10,506 shares of the semiconductor company’s stock worth $92,000 after buying an additional 1,365 shares during the last quarter. Finally, Leo Wealth LLC grew its position in shares of ASE Technology by 12.0% in the first quarter. Leo Wealth LLC now owns 13,127 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 1,409 shares during the last quarter. 6.80% of the stock is owned by institutional investors.

ASE Technology Trading Up 1.9%

Shares of NYSE:ASX opened at $11.41 on Wednesday. The company has a market cap of $25.18 billion, a P/E ratio of 24.22, a P/E/G ratio of 0.64 and a beta of 1.34. The stock’s 50-day moving average is $10.20 and its 200-day moving average is $9.71. ASE Technology Holding Co., Ltd. has a 52-week low of $6.94 and a 52-week high of $11.52. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 1.02.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $150.44 billion. ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. Equities research analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

ASE Technology Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 2nd were given a $0.359 dividend. This is an increase from ASE Technology’s previous annual dividend of $0.32. This represents a dividend yield of 230.0%. The ex-dividend date of this dividend was Wednesday, July 2nd. ASE Technology’s dividend payout ratio (DPR) is 55.32%.

ASE Technology Company Profile

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.