Ovata Capital Management Ltd Has $5.79 Million Stock Holdings in ASE Technology Holding Co., Ltd. $ASX

Ovata Capital Management Ltd trimmed its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 62.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 352,320 shares of the semiconductor company’s stock after selling 594,501 shares during the quarter. ASE Technology accounts for 0.7% of Ovata Capital Management Ltd’s portfolio, making the stock its 28th largest holding. Ovata Capital Management Ltd’s holdings in ASE Technology were worth $5,785,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Nisa Investment Advisors LLC bought a new stake in ASE Technology in the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its position 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 worth $29,000 after purchasing an additional 1,809 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of ASE Technology by 1,704.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 2,506 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of ASE Technology during the 4th quarter worth about $32,000. Finally, UMB Bank n.a. acquired a new position in shares of ASE Technology during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Trading Up 0.2%

Shares of ASX stock opened at $40.63 on Friday. The company has a market capitalization of $90.33 billion, a P/E ratio of 59.74, a P/E/G ratio of 1.04 and a beta of 1.72. ASE Technology Holding Co., Ltd. has a 12-month low of $9.30 and a 12-month high of $41.10. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $33.72 and a 200 day moving average price of $24.63.

ASE Technology (NYSE:ASX) last announced its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%.The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.82 earnings per share for the current fiscal year.

ASE Technology Increases Dividend

The firm also recently declared 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. The ex-dividend date is Monday, July 6th. This represents a dividend yield of 111.0%. This is a positive change from ASE Technology’s previous annual dividend of $0.36. ASE Technology’s dividend payout ratio is presently 38.24%.

Wall Street Analysts Forecast Growth

ASX has been the subject of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of ASE Technology in a research note on Tuesday, June 9th. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Finally, Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “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.