ASE Technology Holding Co., Ltd. (NYSE:ASX) Stock Position Decreased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,332,355 shares of the semiconductor company's stock after selling 174,192 shares during the period. Envestnet Asset Management Inc. owned approximately 0.11% of ASE Technology worth $20,431,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Golden State Wealth Management LLC boosted its holdings 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 valued at $31,000 after purchasing an additional 1,795 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in ASE Technology by 166.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company's stock worth $37,000 after buying an additional 2,307 shares in the last quarter. TT International Asset Management LTD purchased a new position in ASE Technology during the first quarter worth $39,000. CogentBlue Wealth Advisors LLC purchased a new stake in shares of ASE Technology in the first quarter valued at $96,000. Finally, GeoWealth Management LLC boosted its stake in ASE Technology by 75.3% in the 4th quarter. GeoWealth Management LLC now owns 10,071 shares of the semiconductor company's stock worth $101,000 after buying an additional 4,327 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Trading Down 0.6%

ASX stock traded down $0.06 during trading on Friday, reaching $10.52. 5,345,195 shares of the stock traded hands, compared to its average volume of 9,992,805. The business's 50 day moving average price is $10.11 and its 200-day moving average price is $9.79. ASE Technology Holding Co., Ltd. has a 52-week low of $6.94 and a 52-week high of $11.37. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 0.82. The firm has a market capitalization of $23.22 billion, a PE ratio of 22.38, a P/E/G ratio of 0.56 and a beta of 1.24.

ASE Technology (NYSE:ASX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). ASE Technology had a return on equity of 10.35% and a net margin of 5.62%. The company had revenue of $4.59 billion during the quarter, compared to analysts' expectations of $143.62 billion. As a group, sell-side analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

ASE Technology Increases Dividend

The business also recently declared 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. This represents a dividend yield of 2.3%. This is a boost from ASE Technology's previous annual dividend of $0.32. The ex-dividend date of this dividend is Wednesday, July 2nd. ASE Technology's dividend payout ratio is presently 55.32%.

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.