Jump Financial LLC Invests $1.20 Million in ASE Technology Holding Co., Ltd. $ASX

Key Points

• Jump Financial LLC acquired 136,950 shares of ASE Technology Holding Co., Ltd. (NYSE:ASX), valued at approximately $1,200,000, during the first quarter.
• In addition to Jump Financial, several other institutional investors increased their stakes in ASE Technology, including American Century Companies Inc., which raised its position by 9.7%.
• ASE Technology recently increased its annual dividend to $0.359, with a dividend payout ratio of 55.32%, reflecting an increase from its previous dividend of $0.32.

Jump Financial LLC acquired a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 136,950 shares of the semiconductor company's stock, valued at approximately $1,200,000.

Several other large investors have also recently added to or reduced their stakes in ASX. Golden State Wealth Management LLC grew its stake in 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 buying an additional 1,795 shares during the last quarter. TT International Asset Management LTD acquired a new position in shares of ASE Technology during the first quarter worth approximately $39,000. Brooklyn Investment Group lifted its position in shares of ASE Technology by 1,084.2% during the first quarter. Brooklyn Investment Group now owns 7,650 shares of the semiconductor company's stock worth $67,000 after purchasing an additional 7,004 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of ASE Technology during the first quarter worth approximately $68,000. Finally, Canopy Partners LLC acquired a new position in shares of ASE Technology during the first quarter worth approximately $91,000. 6.80% of the stock is owned by institutional investors.

ASE Technology Price Performance

Shares of ASX stock traded down $0.09 during trading hours on Thursday, reaching $10.25. 1,274,128 shares of the company were exchanged, compared to its average volume of 10,702,572. The stock's fifty day moving average is $10.17 and its two-hundred day moving average is $9.72. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $11.36. The company has a market cap of $22.62 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 0.55 and a beta of 1.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.79.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $150.44 billion. ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. Sell-side analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

ASE Technology Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 2nd were issued a $0.359 dividend. This represents a yield of 230.0%. This is a boost from ASE Technology's previous annual dividend of $0.32. The ex-dividend date was Wednesday, July 2nd. ASE Technology's dividend payout ratio (DPR) is 55.32%.

ASE Technology Company Profile

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.