Victory Capital Management Inc. Reduces Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

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. decreased its position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 24.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ASX. GAMMA Investing LLC raised its holdings in shares of ASE Technology by 94.6% in the 1st quarter. GAMMA Investing LLC now owns 18,525 shares of the semiconductor company's stock valued at $162,000 after buying an additional 9,004 shares during the period. Allspring Global Investments Holdings LLC grew its position in ASE Technology by 55.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 177,024 shares of the semiconductor company's stock valued at $1,591,000 after acquiring an additional 63,011 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in ASE Technology by 11.8% during the first quarter. Janney Montgomery Scott LLC now owns 31,450 shares of the semiconductor company's stock worth $276,000 after purchasing an additional 3,319 shares during the period. JPMorgan Chase & Co. lifted its position in shares of ASE Technology by 36.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,861,813 shares of the semiconductor company's stock worth $48,958,000 after purchasing an additional 1,290,605 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of ASE Technology by 107.3% during the first quarter. Cerity Partners LLC now owns 271,246 shares of the semiconductor company's stock worth $2,376,000 after purchasing an additional 140,413 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Stock Up 5.5%

Shares of ASX stock traded up $0.52 during trading on Friday, reaching $10.02. The company's stock had a trading volume of 11,115,674 shares, compared to its average volume of 7,313,204. ASE Technology Holding Co., Ltd. has a 1-year low of $6.94 and a 1-year high of $11.36. The stock's 50-day moving average price is $10.18 and its 200 day moving average price is $9.79. The company has a market capitalization of $22.12 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 0.58 and a beta of 1.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 0.82.

ASE Technology (NYSE:ASX - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). ASE Technology had a net margin of 5.48% and a return on equity of 10.32%. The business had revenue of $5.07 billion during the quarter, compared to analysts' expectations of $150.44 billion. On average, research analysts anticipate 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 will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.359 per share. This represents a yield of 230.0%. 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. ASE Technology's payout ratio 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.