Hsbc Holdings PLC Grows Position in ASE Technology Holding Co., Ltd. $ASX

Key Points

• Hsbc Holdings PLC has increased its stake in ASE Technology Holding Co., Ltd. by 62.5%, owning 835,380 shares worth approximately $7.31 million.
• ASE Technology reported quarterly earnings of $0.11 EPS, missing consensus estimates of $0.14, alongside revenues of $5.07 billion.
• The company recently increased its annual dividend to $0.359, resulting in a dividend yield of 230.0%, up from the previous dividend of $0.32.

Hsbc Holdings PLC increased its position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 62.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 835,380 shares of the semiconductor company's stock after purchasing an additional 321,421 shares during the quarter. Hsbc Holdings PLC's holdings in ASE Technology were worth $7,315,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its stake in shares of 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 during the period. TT International Asset Management LTD bought a new position in ASE Technology during the 1st quarter valued at approximately $39,000. Brooklyn Investment Group increased its position in ASE Technology by 1,084.2% during the 1st quarter. Brooklyn Investment Group now owns 7,650 shares of the semiconductor company's stock valued at $67,000 after buying an additional 7,004 shares in the last quarter. Canopy Partners LLC bought a new position in ASE Technology during the 1st quarter valued at approximately $91,000. Finally, Russell Investments Group Ltd. increased its position in ASE Technology by 14.9% during the 1st quarter. Russell Investments Group Ltd. now owns 10,506 shares of the semiconductor company's stock valued at $92,000 after buying an additional 1,365 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Stock Up 0.4%

ASX stock opened at $9.90 on Tuesday. ASE Technology Holding Co., Ltd. has a twelve month low of $6.94 and a twelve month 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 firm has a market cap of $21.85 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22. The business has a 50 day moving average of $10.21 and a 200 day moving average of $9.73.

ASE Technology (NYSE:ASX - Get Free Report) last posted its quarterly earnings data 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). ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. The company had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $150.44 billion. On average, research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

ASE Technology Increases Dividend

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