Jennison Associates LLC Invests $2.70 Million in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Jennison Associates LLC acquired a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 308,499 shares of the semiconductor company's stock, valued at approximately $2,702,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of ASE Technology in the fourth quarter worth about $320,000. Raymond James Financial Inc. acquired a new position in shares of ASE Technology in the fourth quarter worth about $1,102,000. HighTower Advisors LLC lifted its stake in shares of ASE Technology by 14.6% in the fourth quarter. HighTower Advisors LLC now owns 34,445 shares of the semiconductor company's stock worth $347,000 after acquiring an additional 4,377 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of ASE Technology by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 170,215 shares of the semiconductor company's stock worth $1,714,000 after acquiring an additional 1,869 shares in the last quarter. Finally, Xponance Inc. acquired a new position in shares of ASE Technology in the fourth quarter worth about $103,000. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Stock Down 0.6%

NYSE ASX traded down $0.07 on Friday, hitting $10.51. 3,945,132 shares of the stock traded hands, compared to its average volume of 8,256,899. The stock has a 50-day moving average of $10.15 and a 200 day moving average of $9.80. 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 market capitalization of $23.19 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 0.56 and a beta of 1.24. The company has a current ratio of 1.04, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). ASE Technology had a net margin of 5.62% and a return on equity of 10.35%. The firm had revenue of $4.59 billion for the quarter, compared to analyst estimates of $143.62 billion. As a group, analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

ASE Technology Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.359 per share. The ex-dividend date is Wednesday, July 2nd. This represents a yield of 2.3%. This is a boost from ASE Technology's previous annual dividend of $0.32. ASE Technology's dividend payout ratio is presently 55.32%.

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.