Leonteq Securities AG Purchases Shares of 25,000 ASE Technology Holding Co., Ltd. $ASX

Leonteq Securities AG purchased a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 1st quarter, Holdings Channel.com reports. The fund purchased 25,000 shares of the semiconductor company’s stock, valued at approximately $542,000.

A number of other institutional investors have also modified their holdings of ASX. Jones Financial Companies Lllp boosted its stake in shares of ASE Technology by 16.9% in the first quarter. Jones Financial Companies Lllp now owns 13,425 shares of the semiconductor company’s stock worth $118,000 after buying an additional 1,943 shares during the last quarter. Goldman Sachs Group Inc. raised its position in ASE Technology by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock valued at $50,591,000 after acquiring an additional 780,651 shares in the last quarter. Geode Capital Management LLC lifted its holdings in ASE Technology by 16.3% in the second quarter. Geode Capital Management LLC now owns 13,576 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 1,901 shares during the period. Legal & General Group Plc lifted its holdings in ASE Technology by 261.9% in the second quarter. Legal & General Group Plc now owns 15,647 shares of the semiconductor company’s stock valued at $162,000 after acquiring an additional 11,324 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in ASE Technology by 537.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 4,155 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Up 0.2%

Shares of NYSE ASX opened at $41.95 on Friday. The firm has a market cap of $93.28 billion, a price-to-earnings ratio of 61.69 and a beta of 1.69. The company’s 50-day simple moving average is $36.64 and its 200-day simple moving average is $26.47. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. ASE Technology Holding Co., Ltd. has a 52-week low of $9.30 and a 52-week high of $45.52.

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

ASE Technology Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, August 7th. Shareholders of record on Monday, July 6th will be issued a dividend of $0.4171 per share. The ex-dividend date of this dividend is Monday, July 6th. This is an increase from ASE Technology’s previous annual dividend of $0.36. This represents a dividend yield of 111.0%. ASE Technology’s payout ratio is currently 38.24%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ASE Technology in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

ASE Technology Company 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.