Fox Run Management L.L.C. Takes $370,000 Position in ASE Technology Holding Co., Ltd. $ASX

Key Points

• Fox Run Management L.L.C. has acquired a new stake in ASE Technology Holding Co., Ltd., purchasing 42,287 shares valued at approximately $370,000 in the 1st quarter.
• ASE Technology recently increased its annual dividend from $0.32 to $0.359 per share, resulting in a dividend yield of 230.0%.
• The company reported earnings of $0.11 EPS for the last quarter, missing the consensus estimate of $0.14, with revenues of $5.07 billion.

Fox Run Management L.L.C. acquired a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,287 shares of the semiconductor company's stock, valued at approximately $370,000.

Several other institutional investors and hedge funds have also bought and sold shares of ASX. Raymond James Financial Inc. bought a new stake in ASE Technology during the fourth quarter worth about $1,102,000. Mariner LLC lifted its holdings in shares of ASE Technology by 4.9% in the fourth quarter. Mariner LLC now owns 183,468 shares of the semiconductor company's stock worth $1,848,000 after acquiring an additional 8,610 shares during the last quarter. United Capital Financial Advisors LLC lifted its holdings in shares of ASE Technology by 12.2% in the fourth 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 during the last quarter. GeoWealth Management LLC lifted its holdings in shares of ASE Technology by 75.3% in the fourth quarter. GeoWealth Management LLC now owns 10,071 shares of the semiconductor company's stock worth $101,000 after acquiring an additional 4,327 shares during the last quarter. Finally, Freedom Investment Management Inc. lifted its holdings in shares of ASE Technology by 5.5% in the fourth quarter. Freedom Investment Management Inc. now owns 39,039 shares of the semiconductor company's stock worth $393,000 after acquiring an additional 2,042 shares during the last quarter. Institutional investors own 6.80% of the company's stock.

ASE Technology Price Performance

Shares of ASX stock traded up $0.2250 on Friday, reaching $9.8550. The company had a trading volume of 9,585,188 shares, compared to its average volume of 7,491,431. The stock has a market capitalization of $21.75 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22. 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 one year low of $6.94 and a one year high of $11.36. The business's 50-day moving average is $10.22 and its 200 day moving average is $9.73.

ASE Technology (NYSE:ASX - Get Free Report) last posted its earnings results on Thursday, July 31st. The semiconductor company reported $0.11 EPS 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 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 forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

ASE Technology Increases Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 2nd were issued a $0.359 dividend. This represents a dividend yield of 230.0%. This is an increase from ASE Technology's previous annual dividend of $0.32. The ex-dividend date of this dividend was Wednesday, July 2nd. 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.