31,567 Shares in ASE Technology Holding Co., Ltd. (NYSE:ASX) Acquired by ABC Arbitrage SA

Key Points

• ABC Arbitrage SA acquired a new position in ASE Technology Holding Co., Ltd. by purchasing 31,567 shares for approximately $277,000 in the first quarter.
• ASE Technology will increase its annual dividend to $0.359, up from the previous $0.32, representing a significant yield of 230.0% with a dividend payout ratio of 55.32%.
• In its latest earnings report, ASE Technology missed earnings expectations with $0.11 EPS, falling short of the $0.14 consensus estimate.

ABC Arbitrage SA bought 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 firm bought 31,567 shares of the semiconductor company's stock, valued at approximately $277,000.

Several other institutional investors also recently bought and sold shares of ASX. GAMMA Investing LLC grew its holdings in ASE Technology by 94.6% in the first quarter. GAMMA Investing LLC now owns 18,525 shares of the semiconductor company's stock valued at $162,000 after purchasing an additional 9,004 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of ASE Technology by 55.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 177,024 shares of the semiconductor company's stock valued at $1,591,000 after buying an additional 63,011 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of ASE Technology by 11.8% in the first quarter. Janney Montgomery Scott LLC now owns 31,450 shares of the semiconductor company's stock valued at $276,000 after buying an additional 3,319 shares in the last quarter. Cerity Partners LLC increased its position in shares of ASE Technology by 107.3% in the first quarter. Cerity Partners LLC now owns 271,246 shares of the semiconductor company's stock valued at $2,376,000 after buying an additional 140,413 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of ASE Technology by 5.2% in the first quarter. QRG Capital Management Inc. now owns 82,412 shares of the semiconductor company's stock valued at $722,000 after buying an additional 4,099 shares in the last quarter. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Price Performance

Shares of ASE Technology stock traded up $0.07 on Friday, reaching $9.98. The company's stock had a trading volume of 4,606,184 shares, compared to its average volume of 7,319,295. The company has a market capitalization of $22.03 billion, a P/E ratio of 21.23, a PEG ratio of 0.55 and a beta of 1.22. 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 50-day moving average price of $10.21 and a 200-day moving average price of $9.76. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.57.

ASE Technology (NYSE:ASX - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (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 analyst estimates of $150.44 billion. ASE Technology had a return on equity of 10.33% and a net margin of 5.48%. Analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

ASE Technology Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, August 6th. Stockholders 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 dividend yield of 230.0%. The ex-dividend date of this dividend was Wednesday, July 2nd. ASE Technology's dividend payout ratio is presently 55.32%.

About ASE Technology

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.