Delphi Management Inc. MA Invests $1.36 Million 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 bought a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 131,950 shares of the semiconductor company's stock, valued at approximately $1,363,000.

Other large investors have also recently bought and sold shares of the company. Legacy Financial Advisors Inc. boosted its holdings in shares of ASE Technology by 5.3% during the first quarter. Legacy Financial Advisors Inc. now owns 20,611 shares of the semiconductor company's stock worth $181,000 after purchasing an additional 1,042 shares during the last quarter. Choreo LLC boosted its stake in ASE Technology by 10.7% in the 1st quarter. Choreo LLC now owns 11,520 shares of the semiconductor company's stock worth $101,000 after buying an additional 1,113 shares during the last quarter. CW Advisors LLC boosted its stake in ASE Technology by 5.0% in the 1st quarter. CW Advisors LLC now owns 27,449 shares of the semiconductor company's stock worth $240,000 after buying an additional 1,301 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in ASE Technology by 14.9% in the 1st quarter. Russell Investments Group Ltd. now owns 10,506 shares of the semiconductor company's stock worth $92,000 after buying an additional 1,365 shares during the last quarter. Finally, Leo Wealth LLC boosted its stake in ASE Technology by 12.0% in the 1st quarter. Leo Wealth LLC now owns 13,127 shares of the semiconductor company's stock worth $115,000 after buying an additional 1,409 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Trading Down 0.5%

Shares of ASX traded down $0.06 during mid-day trading on Friday, hitting $11.42. The company had a trading volume of 1,511,559 shares, compared to its average volume of 10,473,229. The business's 50-day simple moving average is $10.33 and its 200-day simple moving average is $9.76. 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 Holding Co., Ltd. has a 1-year low of $6.94 and a 1-year high of $11.52. The stock has a market cap of $25.20 billion, a PE ratio of 24.29, a P/E/G ratio of 0.63 and a beta of 1.34.

ASE Technology (NYSE:ASX - Get Free Report) last announced 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 analyst estimates of $150.44 billion. ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. Sell-side analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

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.