Ritholtz Wealth Management Trims Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Ritholtz Wealth Management reduced its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 28.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,618 shares of the semiconductor company's stock after selling 51,674 shares during the quarter. Ritholtz Wealth Management's holdings in ASE Technology were worth $1,127,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ASX. Savant Capital LLC increased its stake in ASE Technology by 23.5% during the fourth quarter. Savant Capital LLC now owns 20,775 shares of the semiconductor company's stock worth $209,000 after acquiring an additional 3,952 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in ASE Technology by 3.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 114,013 shares of the semiconductor company's stock worth $1,143,000 after acquiring an additional 4,200 shares during the last quarter. Rhumbline Advisers increased its stake in ASE Technology by 9.3% during the fourth quarter. Rhumbline Advisers now owns 805,764 shares of the semiconductor company's stock worth $8,114,000 after acquiring an additional 68,654 shares during the last quarter. Allworth Financial LP increased its stake in ASE Technology by 42.5% during the fourth quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 1,104 shares during the last quarter. Finally, Truist Financial Corp grew its stake in shares of ASE Technology by 61.0% during the fourth quarter. Truist Financial Corp now owns 39,544 shares of the semiconductor company's stock valued at $398,000 after buying an additional 14,989 shares during the last quarter. 6.80% of the stock is owned by institutional investors.

ASE Technology Trading Down 2.6%

Shares of NYSE ASX traded down $0.27 during midday trading on Friday, hitting $10.13. The company's stock had a trading volume of 19,538,972 shares, compared to its average volume of 9,779,934. The company has a current ratio of 1.04, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The business's 50 day moving average is $9.40 and its two-hundred day moving average is $9.75. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $12.86. The firm has a market cap of $22.35 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 0.54 and a beta of 1.23.

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

ASE Technology Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 2nd will be issued a $0.359 dividend. This represents a dividend yield of 2.3%. This is an increase from ASE Technology's previous annual dividend of $0.32. The ex-dividend date is Wednesday, July 2nd. ASE Technology's dividend payout ratio is presently 48.94%.

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.