Ashton Thomas Private Wealth LLC Has $3.31 Million Holdings in ASE Technology Holding Co., Ltd. $ASX

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in ASE Technology by 15.7%, acquiring a total of 377,639 shares valued at $3.3 million as of its latest SEC filing.
• Several institutional investors, including Millennium Management LLC and Jane Street Group LLC, significantly boosted their holdings in ASE Technology during the first quarter, indicating strong institutional interest in the company.
• ASE Technology recently announced a dividend increase to $0.359 per share, reflecting a yield of 230% and signaling robust financial performance despite a slight earnings miss reported in July.

Ashton Thomas Private Wealth LLC boosted its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 15.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 377,639 shares of the semiconductor company's stock after acquiring an additional 51,103 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in ASE Technology were worth $3,308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted 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 acquiring an additional 780,651 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of ASE Technology by 16.9% during the 1st quarter. Jones Financial Companies Lllp now owns 13,425 shares of the semiconductor company's stock valued at $118,000 after buying an additional 1,943 shares during the last quarter. Millennium Management LLC boosted its stake in shares of ASE Technology by 111.1% during the 1st quarter. Millennium Management LLC now owns 3,836,018 shares of the semiconductor company's stock valued at $33,604,000 after buying an additional 2,018,815 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in shares of ASE Technology during the first quarter valued at $129,000. Finally, Nomura Holdings Inc. increased its holdings in shares of ASE Technology by 218.9% during the first quarter. Nomura Holdings Inc. now owns 1,039,500 shares of the semiconductor company's stock valued at $9,106,000 after purchasing an additional 713,500 shares during the period. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Stock Performance

Shares of ASX traded down $0.17 during trading hours on Thursday, reaching $11.13. 6,520,390 shares of the company's stock traded hands, compared to its average volume of 6,939,548. The firm has a market capitalization of $24.57 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 0.63 and a beta of 1.34. 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 twelve month low of $6.94 and a twelve month high of $11.52. The business's fifty day simple moving average is $10.24 and its two-hundred day simple moving average is $9.72.

ASE Technology (NYSE:ASX - Get Free Report) last issued its quarterly 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). The business had revenue of $5.07 billion for the quarter, compared to analyst estimates of $150.44 billion. ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. Analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

ASE Technology Increases Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 2nd were given a $0.359 dividend. This is a positive change from ASE Technology's previous annual dividend of $0.32. The ex-dividend date was Wednesday, July 2nd. 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.