Capital Fund Management S.A. Acquires 265,940 Shares of ASE Technology Holding Co., Ltd. $ASX

Key Points

• Capital Fund Management S.A. increased its stake in ASE Technology Holding Co. by 47.6%, owning 824,944 shares valued at $7,227,000 as of its recent filing.
• ASE Technology reported $0.11 earnings per share for the last quarter, missing the consensus estimate of $0.14, with a revenue of $5.07 billion.
• The company recently announced an increase in its annual dividend to $0.359, which marks a rise from the previous dividend of $0.32.

Capital Fund Management S.A. increased its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 47.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 824,944 shares of the semiconductor company's stock after acquiring an additional 265,940 shares during the quarter. Capital Fund Management S.A.'s holdings in ASE Technology were worth $7,227,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ASX. Golden State Wealth Management LLC lifted its stake in shares of 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 buying an additional 1,795 shares during the period. TT International Asset Management LTD acquired a new stake in shares of ASE Technology in the 1st quarter worth approximately $39,000. Brooklyn Investment Group raised its holdings in shares of ASE Technology by 1,084.2% during the first quarter. Brooklyn Investment Group now owns 7,650 shares of the semiconductor company's stock valued at $67,000 after acquiring an additional 7,004 shares during the period. Canopy Partners LLC acquired a new position in ASE Technology in the 1st quarter valued at approximately $91,000. Finally, Russell Investments Group Ltd. boosted 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 worth $92,000 after buying an additional 1,365 shares during the period. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Price Performance

Shares of ASE Technology stock traded down $0.10 during mid-day trading on Wednesday, reaching $9.95. 1,244,504 shares of the stock were exchanged, compared to its average volume of 10,811,321. The firm has a 50-day simple moving average of $10.21 and a 200 day simple moving average of $9.74. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $11.36. The company has a market cap of $21.95 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 0.55 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 issued its earnings results on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). The firm had revenue of $5.07 billion for 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%. On average, sell-side analysts predict 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. This represents a yield of 230.0%. The ex-dividend date was Wednesday, July 2nd. This is a positive change from ASE Technology's previous annual dividend of $0.32. ASE Technology's dividend payout ratio is presently 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.