OLD Mission Capital LLC Takes $583,000 Position in ASE Technology Holding Co., Ltd. $ASX

Key Points

• OLD Mission Capital LLC purchased 66,534 shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) for approximately $583,000, marking a new position in the semiconductor company.
• ASE Technology reported a missed earnings estimate for the last quarter, reporting $0.11 EPS against the consensus of $0.14, with revenues reaching $5.07 billion.
• The company declared an annual dividend increase from $0.32 to $0.359 per share, with a yield of 230.0% and a payout ratio of 55.32%.

OLD Mission Capital LLC acquired a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 66,534 shares of the semiconductor company's stock, valued at approximately $583,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASX. Jane Street Group LLC lifted its holdings in shares of ASE Technology by 218.9% during the first quarter. Jane Street Group LLC now owns 1,452,919 shares of the semiconductor company's stock valued at $12,728,000 after acquiring an additional 997,259 shares during the period. Vident Advisory LLC lifted its holdings in shares of ASE Technology by 123.6% during the first quarter. Vident Advisory LLC now owns 827,348 shares of the semiconductor company's stock valued at $7,248,000 after acquiring an additional 457,416 shares during the period. Infini Capital Management Ltd bought a new position in shares of ASE Technology during the first quarter valued at $3,952,000. Wellington Management Group LLP bought a new position in shares of ASE Technology during the first quarter valued at $3,112,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of ASE Technology by 112.3% during the fourth quarter. Squarepoint Ops LLC now owns 663,889 shares of the semiconductor company's stock valued at $6,685,000 after acquiring an additional 351,151 shares during the period. 6.80% of the stock is owned by institutional investors.

ASE Technology Price Performance

Shares of NYSE:ASX traded up $0.98 during midday trading on Monday, reaching $11.45. The company's stock had a trading volume of 3,690,908 shares, compared to its average volume of 10,686,041. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $11.50. The company has a market capitalization of $25.26 billion, a P/E ratio of 24.37, a P/E/G ratio of 0.59 and a beta of 1.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.79. The business's fifty day simple moving average is $10.16 and its 200-day simple moving average is $9.69.

ASE Technology (NYSE:ASX - Get Free Report) last announced its earnings results 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 business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $150.44 billion. As a group, equities research analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

ASE Technology Increases Dividend

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