Groupama Asset Managment Takes $696,000 Position in ASE Technology Holding Co., Ltd. $ASX

Key Points

• Groupama Asset Management acquired 79,047 shares of ASE Technology Holding Co., Ltd. for approximately $696,000 in the first quarter, marking a notable investment in the semiconductor sector.
• ASE Technology reported earnings per share (EPS) of $0.11 for the last quarter, which was below the consensus estimate of $0.14, alongside a revenue of $5.07 billion.
• The company announced a dividend increase to $0.359, yielding 230.0%, highlighting its commitment to returning value to shareholders despite facing a 1.4% decline in stock value recently.

Groupama Asset Managment acquired a new position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 79,047 shares of the semiconductor company's stock, valued at approximately $696,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. American Century Companies Inc. raised its position in shares of ASE Technology by 9.7% in the first quarter. American Century Companies Inc. now owns 2,631,190 shares of the semiconductor company's stock worth $23,049,000 after buying an additional 233,049 shares in the last quarter. Millennium Management LLC raised its position in shares of ASE Technology by 16.4% in the fourth quarter. Millennium Management LLC now owns 1,817,203 shares of the semiconductor company's stock worth $18,299,000 after buying an additional 255,747 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of ASE Technology by 1.6% in the first quarter. Crossmark Global Holdings Inc. now owns 1,569,296 shares of the semiconductor company's stock worth $13,747,000 after buying an additional 25,182 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of ASE Technology by 62.5% in the first quarter. Hsbc Holdings PLC now owns 835,380 shares of the semiconductor company's stock worth $7,315,000 after buying an additional 321,421 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in ASE Technology by 28.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 800,934 shares of the semiconductor company's stock valued at $8,065,000 after acquiring an additional 177,418 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Price Performance

ASX traded up $0.15 during trading on Tuesday, reaching $10.03. The stock had a trading volume of 1,326,221 shares, compared to its average volume of 10,848,925. The stock has a market cap of $22.13 billion, a PE ratio of 21.31, a PEG ratio of 0.55 and a beta of 1.22. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 1.02. ASE Technology Holding Co., Ltd. has a one year low of $6.94 and a one year high of $11.36. The business has a 50-day moving average of $10.21 and a 200-day moving average of $9.73.

ASE Technology (NYSE:ASX - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $150.44 billion. ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. As a group, equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

ASE Technology Increases Dividend

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