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

Other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its position 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 valued at $31,000 after purchasing an additional 1,795 shares in the last quarter. TT International Asset Management LTD purchased a new stake in ASE Technology in the first quarter valued at about $39,000. Brooklyn Investment Group raised its stake in ASE Technology by 1,084.2% in the first quarter. Brooklyn Investment Group now owns 7,650 shares of the semiconductor company's stock valued at $67,000 after buying an additional 7,004 shares during the last quarter. Canopy Partners LLC purchased a new stake in ASE Technology in the first quarter valued at about $91,000. Finally, Russell Investments Group Ltd. raised its stake in ASE Technology by 14.9% in the first quarter. Russell Investments Group Ltd. now owns 10,506 shares of the semiconductor company's stock valued at $92,000 after buying an additional 1,365 shares during the last quarter. Institutional investors own 6.80% of the company's stock.

ASE Technology Stock Up 2.3%

ASE Technology stock traded up $0.2250 during midday trading on Friday, reaching $9.8550. The company's stock had a trading volume of 9,585,188 shares, compared to its average volume of 7,209,429. The stock's 50-day simple moving average is $10.22 and its 200-day simple moving average is $9.74. 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 capitalization of $21.75 billion, a P/E ratio of 20.97, a PEG ratio of 0.55 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 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $150.44 billion. On average, sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

ASE Technology Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 2nd were paid 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.