Fox Run Management L.L.C. bought a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,287 shares of the semiconductor company's stock, valued at approximately $370,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ASX. Infini Capital Management Ltd bought a new position in ASE Technology in the first quarter worth $3,952,000. Squarepoint Ops LLC raised its holdings in ASE Technology by 112.3% in the fourth quarter. Squarepoint Ops LLC now owns 663,889 shares of the semiconductor company's stock worth $6,685,000 after purchasing an additional 351,151 shares in the last quarter. Banque Pictet & Cie SA bought a new position in ASE Technology in the first quarter worth $2,753,000. Jennison Associates LLC bought a new position in ASE Technology in the first quarter worth $2,702,000. Finally, Millennium Management LLC raised its holdings in ASE Technology by 16.4% in the fourth quarter. Millennium Management LLC now owns 1,817,203 shares of the semiconductor company's stock worth $18,299,000 after purchasing an additional 255,747 shares in the last quarter. Institutional investors own 6.80% of the company's stock.
ASE Technology Stock Down 0.7%
Shares of NYSE:ASX traded down $0.0650 on Thursday, hitting $9.6250. 8,753,984 shares of the company traded hands, compared to its average volume of 7,066,315. ASE Technology Holding Co., Ltd. has a 52 week low of $6.94 and a 52 week high of $11.36. 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 has a 50 day simple moving average of $10.23 and a 200-day simple moving average of $9.74. The company has a market cap of $21.25 billion, a PE ratio of 20.48, a PEG ratio of 0.54 and a beta of 1.22.
ASE Technology (NYSE:ASX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $5.07 billion for the quarter, compared to analysts' expectations of $150.44 billion. ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. As a group, research analysts expect 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 disclosed an annual dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 2nd were given a dividend of $0.359 per share. This represents a dividend yield of 230.0%. The ex-dividend date of this dividend was Wednesday, July 2nd. This is an increase from ASE Technology's previous annual dividend of $0.32. ASE Technology's payout ratio is presently 55.32%.
ASE Technology Company Profile
(
Free Report)
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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