ASE Technology Holding Co., Ltd. $ASX Stock Holdings Increased by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in ASE Technology Holding Co., Ltd. by 35.0% in the first quarter, now owning approximately 10.97 million shares valued at $96.1 million.
• ASE Technology recently announced an increase in its annual dividend to $0.359, representing a yield of 230.0% with a payout ratio of 55.32%.
• The company's stock reported a 1.9% increase in trading, with a current market cap of $25.18 billion and earnings of $0.11 per share, below the forecast of $0.14.

Acadian Asset Management LLC increased its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 35.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,973,038 shares of the semiconductor company's stock after buying an additional 2,842,631 shares during the quarter. Acadian Asset Management LLC owned about 0.50% of ASE Technology worth $96,110,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ASX. Jane Street Group LLC lifted its position in ASE Technology by 218.9% in the 1st quarter. Jane Street Group LLC now owns 1,452,919 shares of the semiconductor company's stock valued at $12,728,000 after purchasing an additional 997,259 shares during the last quarter. Ascent Group LLC bought a new stake in shares of ASE Technology during the first quarter valued at approximately $138,000. Ashton Thomas Private Wealth LLC boosted its position in shares of ASE Technology by 15.7% during the first quarter. Ashton Thomas Private Wealth LLC now owns 377,639 shares of the semiconductor company's stock worth $3,308,000 after buying an additional 51,103 shares during the period. Goldman Sachs Group Inc. grew its holdings in ASE Technology by 15.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company's stock worth $50,591,000 after buying an additional 780,651 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in ASE Technology by 16.9% in the 1st quarter. Jones Financial Companies Lllp now owns 13,425 shares of the semiconductor company's stock worth $118,000 after buying an additional 1,943 shares in the last quarter. Institutional investors own 6.80% of the company's stock.

ASE Technology Stock Performance

ASE Technology stock traded up $0.15 during mid-day trading on Monday, hitting $11.20. 2,509,478 shares of the company's stock traded hands, compared to its average volume of 10,581,102. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. ASE Technology Holding Co., Ltd. has a one year low of $6.94 and a one year high of $11.52. The firm has a 50 day moving average price of $10.25 and a 200 day moving average price of $9.72. The company has a market cap of $24.71 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 0.62 and a beta of 1.34.

ASE Technology (NYSE:ASX - Get Free Report) last released its quarterly earnings results 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). ASE Technology had a return on equity of 10.33% and a net margin of 5.48%.The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $150.44 billion. On average, equities analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

ASE Technology Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 2nd were paid a $0.359 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a dividend yield of 230.0%. This is a boost from ASE Technology's previous annual dividend of $0.32. ASE Technology's dividend payout ratio (DPR) 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.