Banque Cantonale Vaudoise Purchases New Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Key Points

• Banque Cantonale Vaudoise acquired 52,251 shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) valued at approximately $458,000 during the first quarter.
• ASE Technology recently announced an annual dividend increase to $0.359 per share, up from $0.32, leading to a dividend yield of 230.0%.
• ASE Technology reported earnings per share of $0.11 for its last quarter, missing analysts' expectations of $0.14, with a revenue of $5.07 billion.

Banque Cantonale Vaudoise bought a new stake 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 SEC. The fund bought 52,251 shares of the semiconductor company's stock, valued at approximately $458,000.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of ASE Technology by 36.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,861,813 shares of the semiconductor company's stock valued at $48,958,000 after purchasing an additional 1,290,605 shares in the last quarter. Capula Management Ltd raised its position in shares of ASE Technology by 117.8% during the 4th quarter. Capula Management Ltd now owns 2,197,070 shares of the semiconductor company's stock worth $22,124,000 after buying an additional 1,188,410 shares in the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of ASE Technology in the 4th quarter worth approximately $6,780,000. Barclays PLC boosted its holdings in shares of ASE Technology by 24.6% in the fourth quarter. Barclays PLC now owns 3,094,383 shares of the semiconductor company's stock valued at $31,160,000 after acquiring an additional 611,751 shares in the last quarter. Finally, National Bank of Canada FI bought a new stake in ASE Technology during the fourth quarter worth approximately $4,876,000. Institutional investors own 6.80% of the company's stock.

ASE Technology Price Performance

ASX traded down $0.04 during trading on Monday, reaching $9.97. The stock had a trading volume of 6,663,158 shares, compared to its average volume of 7,868,999. ASE Technology Holding Co., Ltd. has a 1-year low of $6.94 and a 1-year high of $11.36. The firm has a market capitalization of $22.00 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22. The stock has a 50 day moving average of $10.19 and a two-hundred day moving average of $9.78. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.57.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. The firm had revenue of $5.07 billion during the quarter, compared to analyst estimates of $150.44 billion. As a group, equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

ASE Technology Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.359 per share. The ex-dividend date is Wednesday, July 2nd. This is a positive change from ASE Technology's previous annual dividend of $0.32. This represents a yield of 230.0%. ASE Technology's payout ratio is 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.