ASE Technology Holding Co., Ltd. (NYSE:ASX - Get Free Report) announced an annual dividend on Friday, June 20th, Wall Street Journal reports. Investors of record on Wednesday, July 2nd will be given a dividend of 0.359 per share by the semiconductor company on Wednesday, August 6th. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, July 2nd. This is a 11.9% increase from ASE Technology's previous annual dividend of $0.32.
ASE Technology has a payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings.
ASE Technology Trading Up 1.6%
ASX stock traded up $0.16 during midday trading on Monday, hitting $10.29. 11,211,006 shares of the company's stock were exchanged, compared to its average volume of 9,785,659. ASE Technology has a one year low of $6.94 and a one year high of $12.86. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 1.04. The company has a market cap of $22.71 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 0.54 and a beta of 1.23. The stock's fifty day moving average price is $9.45 and its 200-day moving average price is $9.75.
ASE Technology (NYSE:ASX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The company had revenue of $4.59 billion for the quarter, compared to analyst estimates of $143.62 billion. ASE Technology had a return on equity of 10.35% and a net margin of 5.62%. Research analysts predict that ASE Technology will post 0.76 earnings per share for the current fiscal year.
Institutional Trading of ASE Technology
A hedge fund recently raised its stake in ASE Technology stock. Goldman Sachs Group Inc. boosted its position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 15.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,775,272 shares of the semiconductor company's stock after buying an additional 780,651 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.26% of ASE Technology worth $50,591,000 as of its most recent filing with the SEC. 6.80% of the stock is currently owned by institutional investors and hedge funds.
ASE Technology Company Profile
(
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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.
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