Banque Cantonale Vaudoise Takes Position 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 Form 13F filing with the Securities and Exchange Commission. The firm bought 52,251 shares of the semiconductor company's stock, valued at approximately $458,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 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 worth $31,000 after acquiring an additional 1,795 shares during the last quarter. TT International Asset Management LTD bought a new stake in ASE Technology in the 1st quarter worth approximately $39,000. Canopy Partners LLC bought a new stake in ASE Technology in the 1st quarter worth approximately $91,000. CogentBlue Wealth Advisors LLC bought a new stake in ASE Technology in the 1st quarter worth approximately $96,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in ASE Technology in the 1st quarter worth approximately $100,000. Institutional investors own 6.80% of the company's stock.

ASE Technology Price Performance

NYSE:ASX traded up $0.03 during trading hours on Wednesday, reaching $9.76. The stock had a trading volume of 3,441,625 shares, compared to its average volume of 11,277,163. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 1.02. ASE Technology Holding Co., Ltd. has a 52 week low of $6.94 and a 52 week high of $11.36. The company has a 50 day moving average price of $10.19 and a two-hundred day moving average price of $9.77. The stock has a market capitalization of $21.53 billion, a PE ratio of 20.76, a PEG ratio of 0.56 and a beta of 1.22.

ASE Technology (NYSE:ASX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. As a group, sell-side analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

ASE Technology Increases Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.359 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a dividend yield of 230.0%. This is an increase from ASE Technology's previous annual dividend of $0.32. ASE Technology's dividend payout ratio is presently 55.32%.

ASE Technology 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.