American Century Companies Inc. Has $23.05 Million Stock Position 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 holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 9.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,631,190 shares of the semiconductor company's stock after purchasing an additional 233,049 shares during the period. American Century Companies Inc. owned approximately 0.12% of ASE Technology worth $23,049,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Ethic Inc. lifted its holdings in shares of ASE Technology by 1.1% during the 1st quarter. Ethic Inc. now owns 358,093 shares of the semiconductor company's stock valued at $3,219,000 after purchasing an additional 3,740 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of ASE Technology during the 1st quarter valued at about $370,000. Vestmark Advisory Solutions Inc. lifted its holdings in shares of ASE Technology by 151.5% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 36,594 shares of the semiconductor company's stock valued at $321,000 after purchasing an additional 22,042 shares in the last quarter. Ground Swell Capital LLC bought a new position in shares of ASE Technology during the 1st quarter valued at about $118,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of ASE Technology by 14.9% during the 1st quarter. Russell Investments Group Ltd. now owns 10,506 shares of the semiconductor company's stock valued at $92,000 after purchasing an additional 1,365 shares in the last quarter. Institutional investors own 6.80% of the company's stock.

ASE Technology Stock Down 0.6%

Shares of NYSE:ASX traded down $0.06 during trading on Friday, hitting $9.92. 9,060,501 shares of the company's stock traded hands, compared to its average volume of 6,571,033. 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 current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The company has a market cap of $21.89 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22. The company has a 50-day moving average price of $10.19 and a 200-day moving average price of $9.73.

ASE Technology (NYSE:ASX - Get Free Report) last announced its 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). ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. The firm had revenue of $5.07 billion during the quarter, compared to analyst estimates of $150.44 billion. As a group, research analysts forecast 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 given a $0.359 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a yield of 230.0%. This is a boost from ASE Technology's previous annual dividend of $0.32. ASE Technology's payout ratio 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.