ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Sold by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. reduced its stake in ASE Technology Holding Co., Ltd. by 24.6%, owning 145,409 shares valued at approximately $1.27 million as of its latest SEC filing.
• ASE Technology recently declared a dividend increase to $0.359 per share, compared to the previous $0.32, indicating a yield of 2.3%.
• The company's stock has a market cap of $22.83 billion with a recent quarterly revenue of $4.59 billion, although it fell short of analysts' expectations.

Victory Capital Management Inc. trimmed its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 24.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,409 shares of the semiconductor company's stock after selling 47,507 shares during the quarter. Victory Capital Management Inc.'s holdings in ASE Technology were worth $1,274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in ASE Technology by 36.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,861,813 shares of the semiconductor company's stock worth $48,958,000 after acquiring an additional 1,290,605 shares during the period. Capula Management Ltd lifted its position in ASE Technology by 117.8% during the 4th quarter. Capula Management Ltd now owns 2,197,070 shares of the semiconductor company's stock worth $22,124,000 after acquiring an additional 1,188,410 shares during the period. Mirabella Financial Services LLP acquired a new stake in ASE Technology during the 4th quarter worth approximately $6,780,000. Barclays PLC lifted its position in ASE Technology by 24.6% during the 4th quarter. Barclays PLC now owns 3,094,383 shares of the semiconductor company's stock worth $31,160,000 after acquiring an additional 611,751 shares during the period. Finally, National Bank of Canada FI acquired a new stake in ASE Technology during the 4th quarter worth approximately $4,876,000. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Price Performance

NYSE ASX traded up $0.52 during mid-day trading on Friday, hitting $10.02. The stock had a trading volume of 11,115,674 shares, compared to its average volume of 7,313,204. The company has a 50 day simple moving average of $10.19 and a 200 day simple moving average of $9.78. The company has a market cap of $22.12 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 0.62 and a beta of 1.22. The company has a quick ratio of 0.82, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. ASE Technology Holding Co., Ltd. has a 52-week low of $6.94 and a 52-week high of $11.36.

ASE Technology (NYSE:ASX - Get Free Report) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $0.11 EPS 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 10.32%. The company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $150.44 billion. Equities analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

ASE Technology Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.359 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This is a positive change from ASE Technology's previous annual dividend of $0.32. This represents a dividend yield of 230.0%. 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.