Jane Street Group LLC Acquires 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 increased its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 218.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of ASE Technology by 94.6% in the first quarter. GAMMA Investing LLC now owns 18,525 shares of the semiconductor company's stock worth $162,000 after acquiring an additional 9,004 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in ASE Technology by 55.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 177,024 shares of the semiconductor company's stock worth $1,591,000 after buying an additional 63,011 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in ASE Technology by 11.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 31,450 shares of the semiconductor company's stock worth $276,000 after buying an additional 3,319 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in ASE Technology in the first quarter worth approximately $583,000. Finally, Cerity Partners LLC lifted its position in shares of ASE Technology by 107.3% during the 1st quarter. Cerity Partners LLC now owns 271,246 shares of the semiconductor company's stock valued at $2,376,000 after acquiring an additional 140,413 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Stock Down 0.3%

Shares of ASX traded down $0.04 during mid-day trading on Friday, reaching $11.43. The company's stock had a trading volume of 11,429,006 shares, compared to its average volume of 6,575,131. 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 company has a market cap of $25.23 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 0.64 and a beta of 1.34. ASE Technology Holding Co., Ltd. has a 1 year low of $6.94 and a 1 year high of $11.52. The business has a fifty day moving average of $10.35 and a 200 day moving average of $9.77.

ASE Technology (NYSE:ASX - Get Free Report) last issued its quarterly 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 net margin of 5.48% and a return on equity of 10.33%. The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $150.44 billion. As a group, analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

ASE Technology Company 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.