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 ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 31,567 shares of the semiconductor company's stock, valued at approximately $277,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC lifted 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 position in ASE Technology during the first quarter valued at $39,000. GeoWealth Management LLC lifted its position in ASE Technology by 75.3% during the fourth quarter. GeoWealth Management LLC now owns 10,071 shares of the semiconductor company's stock valued at $101,000 after purchasing an additional 4,327 shares in the last quarter. Farringdon Capital Ltd. purchased a new position in ASE Technology during the fourth quarter valued at $104,000. Finally, Canopy Partners LLC purchased a new position in ASE Technology during the first quarter valued at $91,000. Institutional investors own 6.80% of the company's stock.

ASE Technology Stock Performance

NYSE ASX traded up $0.07 on Friday, hitting $9.98. 4,606,184 shares of the company traded hands, compared to its average volume of 7,319,295. The business's 50 day moving average price is $10.21 and its 200-day moving average price is $9.75. ASE Technology Holding Co., Ltd. has a 52-week low of $6.94 and a 52-week high of $11.36. The company has a market capitalization of $22.03 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 0.56 and a beta of 1.22. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 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 during the quarter, compared to analysts' expectations of $150.44 billion. Equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current 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 given a $0.359 dividend. This is an increase from ASE Technology's previous annual dividend of $0.32. This represents a dividend yield of 230.0%. The ex-dividend date was Wednesday, July 2nd. ASE Technology's dividend payout ratio (DPR) is presently 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.