Delphi Management Inc. MA Makes New $1.36 Million Investment in ASE Technology Holding Co., Ltd. $ASX

Key Points

• Delphi Management Inc. acquired a new stake in ASE Technology Holding Co., Ltd., purchasing 131,950 shares valued at approximately $1.36 million.
• ASE Technology reported earnings per share of $0.11 for the last quarter, missing analyst estimates, with revenue totaling $5.07 billion.
• The company recently increased its annual dividend to $0.359 per share, up from a previous $0.32, resulting in a dividend yield of 230.0%.

Delphi Management Inc. MA purchased a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 131,950 shares of the semiconductor company's stock, valued at approximately $1,363,000.

Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its stake in ASE Technology by 35.0% during the first quarter. Acadian Asset Management LLC now owns 10,973,038 shares of the semiconductor company's stock valued at $96,110,000 after purchasing an additional 2,842,631 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of ASE Technology by 218.9% in the first quarter. Jane Street Group LLC now owns 1,452,919 shares of the semiconductor company's stock valued at $12,728,000 after buying an additional 997,259 shares in the last quarter. Ascent Group LLC acquired a new stake in shares of ASE Technology during the 1st quarter valued at $138,000. Ashton Thomas Private Wealth LLC boosted its stake in shares of ASE Technology by 15.7% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 377,639 shares of the semiconductor company's stock worth $3,308,000 after acquiring an additional 51,103 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of ASE Technology by 15.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company's stock worth $50,591,000 after acquiring an additional 780,651 shares in the last quarter. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Stock Down 0.5%

Shares of ASE Technology stock opened at $11.05 on Friday. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $11.52. The firm has a market capitalization of $24.39 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 0.62 and a beta of 1.34. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The stock's fifty day moving average is $10.25 and its 200-day moving average is $9.72.

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

ASE Technology Increases Dividend

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

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