ASE Technology Holding Co., Ltd. $ASX Holdings Increased by Capital Fund Management S.A.

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Golden State Wealth Management LLC grew its stake in shares of ASE Technology by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 3,590 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 1,795 shares during the last quarter. TT International Asset Management LTD acquired a new position in shares of ASE Technology in the 1st quarter worth approximately $39,000. Brooklyn Investment Group grew its stake in shares of ASE Technology by 1,084.2% in the 1st quarter. Brooklyn Investment Group now owns 7,650 shares of the semiconductor company's stock worth $67,000 after purchasing an additional 7,004 shares during the last quarter. GeoWealth Management LLC grew its stake in shares of ASE Technology by 75.3% in the 4th quarter. GeoWealth Management LLC now owns 10,071 shares of the semiconductor company's stock worth $101,000 after purchasing an additional 4,327 shares during the last quarter. Finally, Canopy Partners LLC acquired a new position in shares of ASE Technology in the 1st quarter worth approximately $91,000. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Stock Performance

Shares of ASX opened at $9.6250 on Friday. The firm's 50 day moving average is $10.23 and its 200-day moving average is $9.74. The stock has a market capitalization of $21.25 billion, a P/E ratio of 20.48, a P/E/G ratio of 0.54 and a beta of 1.22. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.79. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $11.36.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (EPS) 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 analyst estimates of $150.44 billion. ASE Technology had a return on equity of 10.33% and a net margin of 5.48%. Equities research analysts anticipate 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. Shareholders of record on Wednesday, July 2nd were issued 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%.

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.

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