American Century Companies Inc. Boosts Stock Holdings in ASE Technology Holding Co., Ltd. $ASX

Key Points

• American Century Companies Inc. increased its stake in ASE Technology Holding Co., Ltd. by 9.7% during the first quarter, resulting in ownership of 2,631,190 shares valued at approximately $23 million.
• ASE Technology recently announced a dividend increase to $0.359 per share, representing a dividend yield of 230% and a payout ratio of 55.32%.
• In its latest earnings report, ASE Technology reported an EPS of $0.11, missing the consensus estimate, with revenue of $5.07 billion, significantly below analysts' expectations.

American Century Companies Inc. increased its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 9.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,631,190 shares of the semiconductor company's stock after buying an additional 233,049 shares during the period. American Century Companies Inc. owned about 0.12% of ASE Technology worth $23,049,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in ASE Technology by 16.4% during 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 during the last quarter. Crossmark Global Holdings Inc. increased its holdings in ASE Technology by 1.6% during 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 during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in ASE Technology by 28.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 800,934 shares of the semiconductor company's stock worth $8,065,000 after buying an additional 177,418 shares during the last quarter. Northern Trust Corp increased its holdings in ASE Technology by 17.4% during the fourth quarter. Northern Trust Corp now owns 721,474 shares of the semiconductor company's stock worth $7,265,000 after buying an additional 107,172 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in ASE Technology by 25.1% during the fourth quarter. BNP Paribas Financial Markets now owns 686,944 shares of the semiconductor company's stock worth $6,918,000 after buying an additional 137,810 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Stock Performance

NYSE ASX traded down $0.04 during trading hours on Thursday, reaching $9.99. 2,793,351 shares of the company were exchanged, compared to its average volume of 10,779,811. ASE Technology Holding Co., Ltd. has a 1 year low of $6.94 and a 1 year high of $11.36. The business's 50 day simple moving average is $10.20 and its 200-day simple moving average is $9.74. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $22.04 billion, a P/E ratio of 21.25, a P/E/G ratio of 0.56 and a beta of 1.22.

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

ASE Technology Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 2nd were paid a $0.359 dividend. The ex-dividend date was Wednesday, July 2nd. This is a positive change from ASE Technology's previous annual dividend of $0.32. 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.