Citigroup Inc. Has $37.65 Million Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Key Points

• Citigroup Inc. reduced its holdings in ASE Technology by 22.3%, selling 1,230,552 shares and owning about $37.65 million worth of the company at the end of the reporting period.
• ASE Technology recently declared an annual dividend of $0.359 per share, which represents a significant increase from its previous dividend and a yield of 230.0%.
• The company's quarterly earnings fell short of expectations, reporting $0.11 EPS against a consensus estimate of $0.14, with revenue totaling $5.07 billion.

Citigroup Inc. trimmed its position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 22.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,298,336 shares of the semiconductor company's stock after selling 1,230,552 shares during the period. Citigroup Inc. owned approximately 0.19% of ASE Technology worth $37,653,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of ASE Technology by 94.6% in the first quarter. GAMMA Investing LLC now owns 18,525 shares of the semiconductor company's stock valued at $162,000 after purchasing an additional 9,004 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in ASE Technology by 55.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 177,024 shares of the semiconductor company's stock worth $1,591,000 after acquiring an additional 63,011 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in ASE Technology by 11.8% during the first quarter. Janney Montgomery Scott LLC now owns 31,450 shares of the semiconductor company's stock worth $276,000 after acquiring an additional 3,319 shares in the last quarter. Cerity Partners LLC raised its holdings in ASE Technology by 107.3% during the first quarter. Cerity Partners LLC now owns 271,246 shares of the semiconductor company's stock worth $2,376,000 after acquiring an additional 140,413 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in ASE Technology by 5.2% during the first quarter. QRG Capital Management Inc. now owns 82,412 shares of the semiconductor company's stock worth $722,000 after acquiring an additional 4,099 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Stock Down 1.0%

ASX traded down $0.10 on Friday, hitting $9.84. 7,214,169 shares of the company were exchanged, compared to its average volume of 6,816,717. ASE Technology Holding Co., Ltd. has a 12 month low of $6.94 and a 12 month high of $11.36. The company has a market cap of $21.72 billion, a PE ratio of 20.94, a PEG ratio of 0.56 and a beta of 1.22. 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 stock's fifty day moving average is $10.25 and its 200-day moving average is $9.74.

ASE Technology (NYSE:ASX - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (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 the consensus estimate of $150.44 billion. ASE Technology had a return on equity of 10.33% and a net margin of 5.48%. Equities research 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 announced an annual dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 2nd were given a $0.359 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This is a positive change from ASE Technology's previous annual dividend of $0.32. This represents a dividend yield of 230.0%. ASE Technology's dividend payout ratio (DPR) is currently 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.