Ashton Thomas Private Wealth LLC Has $3.31 Million Stock Position 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 lifted its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 15.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other institutional investors and hedge funds have also modified their holdings of ASX. Golden State Wealth Management LLC boosted its holdings 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 acquiring an additional 1,795 shares in 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 lifted its holdings in ASE Technology by 1,084.2% during the 1st quarter. Brooklyn Investment Group now owns 7,650 shares of the semiconductor company's stock worth $67,000 after buying an additional 7,004 shares in the last quarter. SVB Wealth LLC acquired a new position in ASE Technology during the 1st quarter worth $68,000. Finally, Canopy Partners LLC acquired a new position in ASE Technology during the 1st quarter worth $91,000. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Trading Down 0.5%

NYSE:ASX traded down $0.06 during trading hours on Friday, hitting $11.05. 3,884,902 shares of the stock were exchanged, compared to its average volume of 6,888,896. The company's 50 day moving average is $10.25 and its two-hundred day moving average is $9.72. ASE Technology Holding Co., Ltd. has a twelve month low of $6.94 and a twelve month high of $11.52. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $24.39 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 0.62 and a beta of 1.34.

ASE Technology (NYSE:ASX - Get Free Report) last posted 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). 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. On average, sell-side analysts anticipate 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 declared an annual dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 2nd were paid a $0.359 dividend. This is an increase from ASE Technology's previous annual dividend of $0.32. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a dividend yield of 230.0%. ASE Technology's dividend payout ratio (DPR) is currently 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.