235,960 Shares in ASE Technology Holding Co., Ltd. (NYSE:ASX) Bought by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp acquired 235,960 shares of ASE Technology Holding Co., Ltd. for about $2,067,000 in the first quarter, highlighting growing institutional interest in the semiconductor company.
• ASE Technology recently increased its annual dividend from $0.32 to $0.359, representing a yield of 230.0%, with the dividend payout ratio at 55.32%.
• The company's quarterly earnings report revealed earnings per share of $0.11, falling short of the consensus estimate of $0.14, with revenues reported at $5.07 billion.

Mackenzie Financial Corp acquired a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 235,960 shares of the semiconductor company's stock, valued at approximately $2,067,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Golden State Wealth Management LLC lifted its stake in shares of ASE Technology by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 3,590 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 1,795 shares during the last quarter. TT International Asset Management LTD acquired a new position in ASE Technology in the 1st quarter worth about $39,000. CogentBlue Wealth Advisors LLC bought a new position in ASE Technology in the first quarter valued at about $96,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of ASE Technology during the first quarter valued at about $100,000. Finally, Journey Strategic Wealth LLC bought a new stake in shares of ASE Technology during the first quarter worth about $100,000. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Trading Up 1.7%

NYSE ASX traded up $0.17 during trading hours on Thursday, reaching $9.89. The company's stock had a trading volume of 3,013,673 shares, compared to its average volume of 11,231,913. The firm has a fifty day simple moving average of $10.19 and a 200-day simple moving average of $9.77. 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 Holding Co., Ltd. has a 52 week low of $6.94 and a 52 week high of $11.36. The stock has a market cap of $21.82 billion, a P/E ratio of 21.03, a P/E/G ratio of 0.54 and a beta of 1.22.

ASE Technology (NYSE:ASX - Get Free Report) last released 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 business had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $150.44 billion. Equities 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 firm also recently disclosed an annual dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 2nd were given a $0.359 dividend. 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. This represents a dividend yield of 230.0%. ASE Technology's dividend payout ratio is 55.32%.

ASE Technology 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.