B. Metzler seel. Sohn & Co. AG Takes $1.14 Million Position in ASE Technology Holding Co., Ltd. $ASX

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 130,100 shares of ASE Technology Holding Co., valued at approximately $1.14 million.
• ASE Technology's recent quarterly earnings report revealed an earnings per share (EPS) of $0.11, missing analyst expectations of $0.14.
• The company declared an annual dividend of $0.359 with a dividend yield of 230.0%, an increase from the previous dividend of $0.32.

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 130,100 shares of the semiconductor company's stock, valued at approximately $1,140,000.

Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its stake in ASE Technology by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,590 shares of the semiconductor company's stock worth $31,000 after buying an additional 1,795 shares during the period. TT International Asset Management LTD acquired a new stake in ASE Technology during the 1st quarter worth approximately $39,000. Brooklyn Investment Group raised 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 during the period. SVB Wealth LLC acquired a new stake in ASE Technology during the 1st quarter worth approximately $68,000. Finally, Canopy Partners LLC acquired a new stake in ASE Technology during the 1st quarter worth approximately $91,000. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Stock Down 0.3%

ASX stock traded down $0.04 during mid-day trading on Thursday, hitting $10.30. 3,895,009 shares of the company were exchanged, compared to its average volume of 10,718,186. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 1.02. The firm has a market cap of $22.73 billion, a P/E ratio of 21.90, a P/E/G ratio of 0.55 and a beta of 1.34. The firm's 50 day simple moving average is $10.17 and its 200 day simple moving average is $9.72. ASE Technology Holding Co., Ltd. has a 1-year low of $6.94 and a 1-year high of $11.36.

ASE Technology (NYSE:ASX - Get Free Report) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The company had revenue of $5.07 billion for the quarter, compared to analyst estimates 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 fiscal year.

ASE Technology Increases Dividend

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