ASE Technology Holding Co., Ltd. (NYSE:ASX - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $11.49 and last traded at $11.43, with a volume of 124421 shares changing hands. The stock had previously closed at $10.47.
ASE Technology Stock Down 0.5%
The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.79. The firm has a market cap of $24.39 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 0.62 and a beta of 1.34. The firm has a 50 day moving average price of $10.25 and a 200-day moving average price of $9.73.
ASE Technology (NYSE:ASX - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. The firm had revenue of $5.07 billion for the quarter, compared to analyst estimates of $150.44 billion. As a group, equities analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.
ASE Technology Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 2nd were paid a dividend of $0.359 per share. This represents a dividend yield of 230.0%. This is a boost from ASE Technology's previous annual dividend of $0.32. The ex-dividend date of this dividend was Wednesday, July 2nd. ASE Technology's payout ratio is presently 55.32%.
Institutional Investors Weigh In On ASE Technology
Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its stake in shares of ASE Technology by 154.3% during the second quarter. Farther Finance Advisors LLC now owns 2,746 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 1,666 shares during the period. Golden State Wealth Management LLC grew its stake in shares of ASE Technology by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,590 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 1,795 shares during the period. TT International Asset Management LTD acquired a new stake in shares of ASE Technology during the first quarter worth $39,000. WealthCollab LLC grew its stake in shares of ASE Technology by 55.2% during the second quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 1,726 shares during the period. Finally, MAI Capital Management grew its stake in shares of ASE Technology by 2,409.6% during the second quarter. MAI Capital Management now owns 4,969 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 4,771 shares during the period. 6.80% of the stock is owned by institutional investors and hedge funds.
About ASE Technology
(
Get Free Report)
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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