Earnest Partners LLC Has $28.53 Million Stock Holdings in ASE Technology Holding Co., Ltd. $ASX

Key Points

• Earnest Partners LLC reduced its stake in ASE Technology Holding Co. by 1.3%, now owning approximately 3.25 million shares valued at $28.53 million.
• ASE Technology recently reported a missed earnings estimate with $0.11 earnings per share, below the expected $0.14, and generated revenues of $5.07 billion.
• The company announced an increase in its annual dividend to $0.359, resulting in a remarkable yield of 230.0%, up from the previous rate of $0.32.

Earnest Partners LLC trimmed its position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 1.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,257,013 shares of the semiconductor company's stock after selling 43,060 shares during the quarter. Earnest Partners LLC owned approximately 0.15% of ASE Technology worth $28,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG acquired a new stake in ASE Technology in the first quarter worth about $1,140,000. Jane Street Group LLC increased its position in ASE Technology by 218.9% in the first quarter. Jane Street Group LLC now owns 1,452,919 shares of the semiconductor company's stock worth $12,728,000 after purchasing an additional 997,259 shares during the period. Walleye Capital LLC acquired a new stake in ASE Technology in the first quarter worth about $658,000. Jump Financial LLC acquired a new stake in ASE Technology in the first quarter worth about $1,200,000. Finally, SVB Wealth LLC acquired a new stake in ASE Technology in the first quarter worth about $68,000. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Trading Down 0.6%

ASX traded down $0.06 during midday trading on Friday, reaching $9.92. 9,060,501 shares of the company were exchanged, compared to its average volume of 6,571,033. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 1.02. ASE Technology Holding Co., Ltd. has a one year low of $6.94 and a one year high of $11.36. The stock has a market capitalization of $21.89 billion, a P/E ratio of 21.10, a PEG ratio of 0.55 and a beta of 1.22. The stock's 50-day simple moving average is $10.19 and its 200 day simple moving average is $9.73.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). ASE Technology had a return on equity of 10.33% and a net margin of 5.48%.The company had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $150.44 billion. As a group, analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

ASE Technology Increases Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 2nd were issued a dividend of $0.359 per share. This represents a yield of 230.0%. This is an increase from ASE Technology's previous annual dividend of $0.32. The ex-dividend date was Wednesday, July 2nd. ASE Technology's dividend payout ratio (DPR) 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.