Natixis Advisors LLC Sells 25,911 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Key Points

• Natixis Advisors LLC reduced its stake in ASE Technology by 1.2%, selling 25,911 shares and now owning approximately 2.1 million shares valued at $18.5 million.
• ASE Technology reported a missed earnings estimate with an EPS of $0.11 compared to the consensus of $0.14, alongside a revenue of $5.07 billion.
• The company recently increased its annual dividend to $0.359 per share, with a yield of 230.0%, up from the previous $0.32 per share.

Natixis Advisors LLC lessened its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,115,061 shares of the semiconductor company's stock after selling 25,911 shares during the period. Natixis Advisors LLC owned approximately 0.10% of ASE Technology worth $18,528,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ASX. Banque Cantonale Vaudoise purchased a new position in shares of ASE Technology in the 1st quarter worth $458,000. Federated Hermes Inc. grew its position in ASE Technology by 3.0% in the first quarter. Federated Hermes Inc. now owns 104,136 shares of the semiconductor company's stock worth $912,000 after acquiring an additional 3,038 shares in the last quarter. Canopy Partners LLC bought a new stake in ASE Technology during the first quarter worth approximately $91,000. Mackenzie Financial Corp bought a new stake in shares of ASE Technology in the 1st quarter valued at approximately $2,067,000. Finally, HB Wealth Management LLC boosted its holdings in shares of ASE Technology by 26.2% in the 1st quarter. HB Wealth Management LLC now owns 13,203 shares of the semiconductor company's stock worth $116,000 after purchasing an additional 2,741 shares during the period. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Trading Up 1.8%

NYSE:ASX traded up $0.18 during midday trading on Thursday, hitting $9.90. 5,431,988 shares of the company traded hands, compared to its average volume of 11,235,134. The firm has a market capitalization of $21.84 billion, a P/E ratio of 21.05, a P/E/G ratio of 0.54 and a beta of 1.22. The firm's fifty day moving average is $10.19 and its 200-day moving average is $9.77. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $11.36. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57.

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

ASE Technology Increases Dividend

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