Allspring Global Investments Holdings LLC increased its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 55.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,024 shares of the semiconductor company's stock after acquiring an additional 63,011 shares during the period. Allspring Global Investments Holdings LLC's holdings in ASE Technology were worth $1,591,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in ASX. Golden State Wealth Management LLC increased its stake in 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 valued at $31,000 after buying an additional 1,795 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in ASE Technology by 166.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company's stock valued at $37,000 after buying an additional 2,307 shares during the last quarter. TT International Asset Management LTD acquired a new stake in ASE Technology in the 1st quarter valued at $39,000. CogentBlue Wealth Advisors LLC acquired a new stake in ASE Technology in the 1st quarter valued at $96,000. Finally, GeoWealth Management LLC increased its stake in ASE Technology by 75.3% in the 4th quarter. GeoWealth Management LLC now owns 10,071 shares of the semiconductor company's stock valued at $101,000 after buying an additional 4,327 shares during the last quarter. 6.80% of the stock is currently owned by institutional investors and hedge funds.
ASE Technology Stock Up 0.4%
ASX stock traded up $0.04 during midday trading on Friday, hitting $10.40. The company's stock had a trading volume of 9,389,247 shares, compared to its average volume of 10,047,698. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 0.82. ASE Technology Holding Co., Ltd. has a twelve month low of $6.94 and a twelve month high of $12.86. The company's fifty day moving average price is $9.95 and its 200 day moving average price is $9.79. The stock has a market capitalization of $22.96 billion, a P/E ratio of 22.13, a PEG ratio of 0.55 and a beta of 1.24.
ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). ASE Technology had a net margin of 5.62% and a return on equity of 10.35%. The firm had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $143.62 billion. As a group, equities research analysts predict 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 will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 2nd will be given a $0.359 dividend. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, July 2nd. This is an increase from ASE Technology's previous annual dividend of $0.32. ASE Technology's dividend payout ratio (DPR) is 55.32%.
ASE Technology Profile
(
Free Report)
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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