Thornburg Investment Management Inc. Sells 2,943 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Thornburg Investment Management Inc. cut its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 3.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 76,420 shares of the semiconductor company’s stock after selling 2,943 shares during the quarter. Thornburg Investment Management Inc.’s holdings in ASE Technology were worth $669,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC increased its position in ASE Technology by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,590 shares of the semiconductor company’s stock worth $31,000 after buying an additional 1,795 shares during the last quarter. TT International Asset Management LTD purchased a new stake in ASE Technology during the first quarter valued at about $39,000. Canopy Partners LLC purchased a new position in shares of ASE Technology in the first quarter worth about $91,000. CogentBlue Wealth Advisors LLC purchased a new position in shares of ASE Technology in the first quarter worth about $96,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of ASE Technology in the first quarter worth about $100,000. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Stock Down 0.9%

ASX opened at $10.48 on Wednesday. The company has a market cap of $23.12 billion, a P/E ratio of 22.29, a P/E/G ratio of 0.56 and a beta of 1.24. The business’s 50-day moving average price is $10.17 and its 200-day moving average price is $9.78. The company has a current ratio of 1.04, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. ASE Technology Holding Co., Ltd. has a 12 month low of $6.94 and a 12 month high of $11.36.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). ASE Technology had a net margin of 5.62% and a return on equity of 10.35%. The business had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $143.62 billion. On average, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

ASE Technology Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.359 per share. This represents a yield of 2.3%. This is a boost from ASE Technology’s previous annual dividend of $0.32. The ex-dividend date is Wednesday, July 2nd. ASE Technology’s payout ratio is presently 55.32%.

About ASE Technology

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.