OLD Mission Capital LLC Invests $583,000 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 bought a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 66,534 shares of the semiconductor company's stock, valued at approximately $583,000.

Several other hedge funds also recently made changes to their positions in the stock. Jane Street Group LLC lifted its holdings in ASE Technology by 218.9% during the 1st quarter. Jane Street Group LLC now owns 1,452,919 shares of the semiconductor company's stock worth $12,728,000 after purchasing an additional 997,259 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of ASE Technology by 123.6% in the first quarter. Vident Advisory LLC now owns 827,348 shares of the semiconductor company's stock worth $7,248,000 after buying an additional 457,416 shares in the last quarter. Infini Capital Management Ltd purchased a new stake in shares of ASE Technology in the first quarter worth about $3,952,000. Wellington Management Group LLP bought a new position in shares of ASE Technology in the first quarter valued at approximately $3,112,000. Finally, Squarepoint Ops LLC grew its stake in 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 in the last quarter. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Price Performance

NYSE ASX traded up $0.14 on Friday, hitting $10.45. The stock had a trading volume of 9,762,368 shares, compared to its average volume of 6,404,304. The firm has a 50-day moving average of $10.16 and a 200-day moving average of $9.72. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 1.02. ASE Technology Holding Co., Ltd. has a 52-week low of $6.94 and a 52-week high of $11.36. The company has a market capitalization of $23.07 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 0.58 and a beta of 1.34.

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

ASE Technology Increases Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 2nd were given a dividend of $0.359 per share. The ex-dividend date was Wednesday, July 2nd. This is a boost from ASE Technology's previous annual dividend of $0.32. This represents a yield of 230.0%. ASE Technology's dividend payout ratio (DPR) is presently 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.