ASE Technology Holding Co., Ltd. $ASX Shares Sold by Rhumbline Advisers

Key Points

• Rhumbline Advisers reduced its stake in ASE Technology Holding Co., Ltd. by 19.1%, owning 651,669 shares worth approximately $5.71 million after selling 154,095 shares in the first quarter.
• Several institutional investors have recently increased their positions in ASE Technology, with GAMMA Investing LLC boosting its holdings by 94.6% to own 18,525 shares valued at $162,000.
• ASE Technology reported a Q2 earnings miss with an EPS of $0.11 compared to the estimated $0.14, while also announcing an increased annual dividend of $0.359 per share.

Rhumbline Advisers trimmed its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 19.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 651,669 shares of the semiconductor company's stock after selling 154,095 shares during the period. Rhumbline Advisers' holdings in ASE Technology were worth $5,709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in ASE Technology by 94.6% during the first quarter. GAMMA Investing LLC now owns 18,525 shares of the semiconductor company's stock valued at $162,000 after buying an additional 9,004 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in ASE Technology by 55.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 177,024 shares of the semiconductor company's stock valued at $1,591,000 after buying an additional 63,011 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in ASE Technology by 11.8% during the first quarter. Janney Montgomery Scott LLC now owns 31,450 shares of the semiconductor company's stock valued at $276,000 after buying an additional 3,319 shares in the last quarter. OLD Mission Capital LLC acquired a new position in ASE Technology during the first quarter valued at approximately $583,000. Finally, Cerity Partners LLC lifted its position in shares of ASE Technology by 107.3% during the first quarter. Cerity Partners LLC now owns 271,246 shares of the semiconductor company's stock worth $2,376,000 after purchasing an additional 140,413 shares in the last quarter. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Trading Down 0.5%

NYSE ASX opened at $11.05 on Friday. The company's fifty day simple moving average is $10.25 and its 200-day simple moving average is $9.73. ASE Technology Holding Co., Ltd. has a 52 week low of $6.94 and a 52 week high of $11.52. 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 stock has a market cap of $24.39 billion, a P/E ratio of 23.51, a PEG ratio of 0.62 and a beta of 1.34.

ASE Technology (NYSE:ASX - Get Free Report) last posted its earnings results on Thursday, July 31st. The semiconductor company reported $0.11 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 firm had revenue of $5.07 billion for the quarter, compared to analyst estimates of $150.44 billion. Equities research 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. Stockholders of record on Wednesday, July 2nd were given a dividend of $0.359 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This is an increase 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 presently 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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