Keybank National Association OH Takes Position in ASE Technology Holding Co., Ltd. $ASX

Keybank National Association OH acquired a new position in ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,476 shares of the semiconductor company’s stock, valued at approximately $357,000.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new position in shares of ASE Technology during the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd increased its holdings in ASE Technology by 180,900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,810 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 1,809 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in ASE Technology in the fourth quarter valued at approximately $32,000. UMB Bank n.a. purchased a new stake in ASE Technology in the fourth quarter valued at approximately $32,000. Finally, SBI Securities Co. Ltd. lifted its stake in ASE Technology by 256.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 1,795 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Trading Down 1.2%

Shares of ASX stock opened at $42.73 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.15. The stock has a market capitalization of $95.01 billion, a P/E ratio of 62.84 and a beta of 1.69. The company has a 50 day moving average price of $37.75 and a 200 day moving average price of $27.41. ASE Technology Holding Co., Ltd. has a fifty-two week low of $9.30 and a fifty-two week high of $45.51.

ASE Technology (NYSE:ASX) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.32 billion. Equities research analysts predict that ASE Technology Holding Co., Ltd. will post 0.84 EPS for the current fiscal year.

ASE Technology Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, August 7th. Stockholders of record on Monday, July 6th will be given a dividend of $0.4171 per share. This is an increase from ASE Technology’s previous annual dividend of $0.36. This represents a dividend yield of 96.0%. The ex-dividend date of this dividend is Monday, July 6th. ASE Technology’s dividend payout ratio is currently 45.59%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ASX. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ASE Technology in a report on Tuesday, June 9th. Finally, Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

About ASE Technology

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.