Cetera Investment Advisers Has $2.94 Million Holdings in ASE Technology Holding Co., Ltd. $ASX

Key Points

• Cetera Investment Advisers cut its ASE Technology stake by 29.8% in the first quarter, selling 57,683 shares and retaining 135,731 shares valued at approximately $2.94 million.
• Other institutional investors increased their positions, including HSBC Holdings, which raised its stake by 7.5%, and TT International Asset Management, which grew its holdings by 69.8%. Institutional investors collectively own 6.8% of ASE Technology.
• ASE Technology beat quarterly earnings expectations with EPS of $0.29 versus the $0.23 consensus estimate, while increasing its annual dividend to $0.4171 per share. Analysts give the stock a consensus “Buy” rating.

Cetera Investment Advisers lessened its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 29.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,731 shares of the semiconductor company's stock after selling 57,683 shares during the quarter. Cetera Investment Advisers' holdings in ASE Technology were worth $2,943,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC lifted its holdings in ASE Technology by 7.5% during the 1st quarter. Hsbc Holdings PLC now owns 2,014,412 shares of the semiconductor company's stock valued at $43,654,000 after purchasing an additional 140,628 shares during the last quarter. TT International Asset Management LTD grew its stake in ASE Technology by 69.8% during the fourth quarter. TT International Asset Management LTD now owns 1,236,070 shares of the semiconductor company's stock worth $19,843,000 after buying an additional 508,291 shares during the last quarter. Barometer Capital Management Inc. bought a new stake in ASE Technology during the first quarter worth about $3,003,000. ABC Arbitrage SA acquired a new stake in shares of ASE Technology during the first quarter worth approximately $1,308,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of ASE Technology during the first quarter worth approximately $1,341,000. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Stock Up 1.4%

NYSE ASX opened at $37.28 on Friday. The stock has a market capitalization of $82.89 billion, a P/E ratio of 43.35 and a beta of 1.71. ASE Technology Holding Co., Ltd. has a 52 week low of $9.52 and a 52 week high of $45.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.81 and a current ratio of 1.07. The stock has a fifty day moving average of $38.93 and a 200-day moving average of $30.24.

ASE Technology (NYSE:ASX - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. The business had revenue of $81.66 million for 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%. On average, equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 1.21 EPS for the current year.

ASE Technology Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, August 7th. Investors of record on Monday, July 6th will be paid a dividend of $0.4171 per share. This represents a dividend yield of 96.0%. This is a boost from ASE Technology's previous annual dividend of $0.36. The ex-dividend date of this dividend is Monday, July 6th. ASE Technology's payout ratio is presently 34.88%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ASX. Zacks Research raised ASE Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. Weiss Ratings reissued a "hold (c+)" rating on shares of ASE Technology in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy".

About ASE Technology

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.

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