Aubrey Capital Management Ltd bought a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 70,000 shares of the semiconductor company's stock, valued at approximately $3,158,000. ASE Technology accounts for about 2.0% of Aubrey Capital Management Ltd's portfolio, making the stock its 24th largest holding.
Several other large investors also recently modified their holdings of ASX. Ancora Advisors LLC bought a new stake in shares of ASE Technology in the 2nd quarter worth approximately $33,000. Bessemer Group Inc. increased its position in ASE Technology by 135.4% in the first quarter. Bessemer Group Inc. now owns 1,438 shares of the semiconductor company's stock worth $31,000 after buying an additional 827 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in ASE Technology by 180,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,810 shares of the semiconductor company's stock worth $29,000 after buying an additional 1,809 shares during the last quarter. UMB Bank n.a. bought a new stake in shares of ASE Technology in the fourth quarter valued at $32,000. Finally, Eastern Bank purchased a new position in shares of ASE Technology during the 2nd quarter valued at $95,000. Hedge funds and other institutional investors own 6.80% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on ASX. Weiss Ratings upgraded ASE Technology from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Zacks Research cut ASE Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 24th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".
Read Our Latest Report on ASX
ASE Technology Stock Performance
NYSE:ASX opened at $36.92 on Tuesday. The stock has a market cap of $82.53 billion, a P/E ratio of 42.93 and a beta of 1.71. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The business's 50-day moving average price is $38.86 and its two-hundred day moving average price is $32.37. ASE Technology Holding Co., Ltd. has a twelve month low of $9.86 and a twelve month high of $45.51.
ASE Technology (NYSE:ASX - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. The company had revenue of $81.66 million during the quarter, compared to analyst estimates of $5.96 billion. ASE Technology had a return on equity of 16.12% and a net margin of 8.52%. As a group, equities analysts predict that ASE Technology Holding Co., Ltd. will post 1.21 EPS for the current fiscal year.
ASE Technology Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Friday, August 7th. Stockholders of record on Monday, July 6th were issued a dividend of $0.4171 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a dividend yield of 96.0%. This is an increase from ASE Technology's previous annual dividend of $0.36. ASE Technology's payout ratio is presently 34.88%.
ASE Technology Company Profile
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Free Report)
ASE Technology Holding Co, Ltd. NYSE: ASX, commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.
ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.
See Also
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