Jane Street Group LLC Purchases 997,259 Shares of ASE Technology Holding Co., Ltd. $ASX

Key Points

• Jane Street Group LLC significantly increased its stake in ASE Technology, boosting its holdings by 218.9% to over 1.4 million shares, valued at approximately $12.7 million.
• ASE Technology recently declared a higher annual dividend of $0.359 per share, up from its previous dividend of $0.32, representing a substantial dividend yield of 230.0%.
• The company reported earnings of $0.11 per share for the last quarter, missing analyst expectations, with revenue totaling $5.07 billion compared to estimates of $150.44 billion.

Jane Street Group LLC lifted its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 218.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,452,919 shares of the semiconductor company's stock after purchasing an additional 997,259 shares during the period. Jane Street Group LLC owned 0.07% of ASE Technology worth $12,728,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Goldman Sachs Group Inc. increased its holdings in shares of ASE Technology by 15.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company's stock worth $50,591,000 after acquiring an additional 780,651 shares during the last quarter. Millennium Management LLC grew its holdings in ASE Technology by 111.1% in the 1st quarter. Millennium Management LLC now owns 3,836,018 shares of the semiconductor company's stock valued at $33,604,000 after buying an additional 2,018,815 shares in the last quarter. American Century Companies Inc. grew its holdings in ASE Technology by 9.7% in the 1st quarter. American Century Companies Inc. now owns 2,631,190 shares of the semiconductor company's stock valued at $23,049,000 after buying an additional 233,049 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in ASE Technology by 1.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 1,569,296 shares of the semiconductor company's stock valued at $13,747,000 after buying an additional 25,182 shares in the last quarter. Finally, Nomura Holdings Inc. grew its holdings in shares of ASE Technology by 218.9% during the 1st quarter. Nomura Holdings Inc. now owns 1,039,500 shares of the semiconductor company's stock worth $9,106,000 after purchasing an additional 713,500 shares in the last quarter. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Price Performance

Shares of ASX remained flat at $11.30 during trading hours on Wednesday. The stock had a trading volume of 5,604,793 shares, compared to its average volume of 6,798,235. The stock has a market capitalization of $24.94 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 0.63 and a beta of 1.34. ASE Technology Holding Co., Ltd. has a 12 month low of $6.94 and a 12 month high of $11.52. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The business's fifty day simple moving average is $10.31 and its two-hundred day simple moving average is $9.74.

ASE Technology (NYSE:ASX - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). ASE Technology had a return on equity of 10.33% and a net margin of 5.48%.The company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $150.44 billion. Analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

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.