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

Envestnet Asset Management Inc. reduced its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 6.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. TIAA Trust National Association boosted its stake in shares of ASE Technology by 7.6% during the 4th quarter. TIAA Trust National Association now owns 14,846 shares of the semiconductor company's stock worth $149,000 after purchasing an additional 1,054 shares during the period. Franklin Resources Inc. boosted its position in ASE Technology by 9.1% during the fourth quarter. Franklin Resources Inc. now owns 15,526 shares of the semiconductor company's stock valued at $156,000 after purchasing an additional 1,290 shares in the last quarter. United Capital Financial Advisors LLC raised its stake in shares of ASE Technology by 12.2% during the 4th quarter. United Capital Financial Advisors LLC now owns 12,298 shares of the semiconductor company's stock worth $124,000 after acquiring an additional 1,338 shares in the last quarter. Sei Investments Co. raised its stake in shares of ASE Technology by 0.3% during the 4th quarter. Sei Investments Co. now owns 486,170 shares of the semiconductor company's stock worth $4,896,000 after acquiring an additional 1,629 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of ASE Technology by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,590 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 1,795 shares in the last quarter. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Trading Up 1.4%

NYSE ASX opened at $10.43 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. ASE Technology Holding Co., Ltd. has a 52 week low of $6.94 and a 52 week high of $11.68. The firm has a market cap of $23.01 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 0.55 and a beta of 1.24. The company has a 50 day moving average price of $10.05 and a 200 day moving average price of $9.79.

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

ASE Technology Increases Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.359 per share. The ex-dividend date is Wednesday, July 2nd. This is an increase from ASE Technology's previous annual dividend of $0.32. This represents a yield of 2.3%. ASE Technology's dividend payout ratio is 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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