ASE Technology (NYSE:ASX - Get Free Report) announced its earnings results on Thursday. The semiconductor company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03), reports. The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $150.44 billion. ASE Technology had a return on equity of 10.33% and a net margin of 5.48%.
ASE Technology Trading Down 2.4%
NYSE:ASX traded down $0.24 during trading hours on Tuesday, hitting $9.75. 6,140,270 shares of the stock were exchanged, compared to its average volume of 11,307,859. The company's 50 day moving average is $10.19 and its two-hundred day moving average is $9.77. ASE Technology has a twelve month low of $6.94 and a twelve month high of $11.36. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $21.51 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22.
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 issued a dividend of $0.359 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a yield of 230.0%. This is a positive change from ASE Technology's previous annual dividend of $0.32. ASE Technology's dividend payout ratio (DPR) is currently 55.32%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in ASE Technology stock. Goldman Sachs Group Inc. raised its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 15.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 5,775,272 shares of the semiconductor company's stock after acquiring an additional 780,651 shares during the period. Goldman Sachs Group Inc. owned approximately 0.26% of ASE Technology worth $50,591,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 6.80% of the company's stock.
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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