Infini Capital Management Ltd Makes New $3.95 Million Investment in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Infini Capital Management Ltd bought a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 451,109 shares of the semiconductor company's stock, valued at approximately $3,952,000. ASE Technology makes up approximately 4.0% of Infini Capital Management Ltd's holdings, making the stock its 5th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Management Associates Inc increased its position in ASE Technology by 99.4% in the first quarter. Capital Management Associates Inc now owns 19,940 shares of the semiconductor company's stock worth $175,000 after purchasing an additional 9,940 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of ASE Technology by 1.6% during the first quarter. Crossmark Global Holdings Inc. now owns 1,569,296 shares of the semiconductor company's stock worth $13,747,000 after acquiring an additional 25,182 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of ASE Technology in the 1st quarter valued at about $158,000. TD Private Client Wealth LLC raised its stake in shares of ASE Technology by 10.4% in the 1st quarter. TD Private Client Wealth LLC now owns 32,509 shares of the semiconductor company's stock valued at $285,000 after purchasing an additional 3,062 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of ASE Technology by 8.3% in the 1st quarter. Bank of New York Mellon Corp now owns 150,429 shares of the semiconductor company's stock valued at $1,318,000 after purchasing an additional 11,520 shares during the period. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Stock Down 2.2%

Shares of NYSE:ASX traded down $0.23 during midday trading on Monday, reaching $10.14. The company had a trading volume of 13,123,204 shares, compared to its average volume of 10,028,552. The company has a quick ratio of 0.82, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The business's 50 day moving average price is $9.83 and its 200 day moving average price is $9.78. The stock has a market cap of $22.38 billion, a PE ratio of 21.57, a P/E/G ratio of 0.55 and a beta of 1.24. ASE Technology Holding Co., Ltd. has a 1-year low of $6.94 and a 1-year high of $12.86.

ASE Technology (NYSE:ASX - Get Free Report) last released its earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). The company had revenue of $4.59 billion during the quarter, compared to analyst estimates of $143.62 billion. ASE Technology had a net margin of 5.62% and a return on equity of 10.35%. 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 declared an annual dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 2nd will be paid a $0.359 dividend. This is a boost from ASE Technology's previous annual dividend of $0.32. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, July 2nd. ASE Technology's payout ratio is 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.