Vident Advisory LLC Has $7.25 Million Holdings in ASE Technology Holding Co., Ltd. $ASX

Key Points

• Vident Advisory LLC significantly increased its stake in ASE Technology by 123.6% during the first quarter, now owning a total of 827,348 shares valued at approximately $7.2 million.
• ASE Technology reported earnings of $0.11 per share for the last quarter, falling short of analysts' expectations of $0.14 per share, and had a revenue of $5.07 billion.
• The company recently declared an annual dividend of $0.359 per share, marking an increase from the previous $0.32, resulting in a dividend yield of 230.0%.

Vident Advisory LLC raised its position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 123.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 827,348 shares of the semiconductor company's stock after acquiring an additional 457,416 shares during the period. Vident Advisory LLC's holdings in ASE Technology were worth $7,248,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in ASX. Golden State Wealth Management LLC raised its stake in shares of ASE Technology by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,590 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 1,795 shares in the last quarter. TT International Asset Management LTD acquired a new position in ASE Technology in the 1st quarter valued at $39,000. Brooklyn Investment Group grew its holdings in ASE Technology by 1,084.2% in the 1st quarter. Brooklyn Investment Group now owns 7,650 shares of the semiconductor company's stock valued at $67,000 after buying an additional 7,004 shares in the last quarter. SVB Wealth LLC acquired a new position in ASE Technology in the 1st quarter valued at $68,000. Finally, Canopy Partners LLC acquired a new position in ASE Technology in the 1st quarter valued at $91,000. Institutional investors own 6.80% of the company's stock.

ASE Technology Price Performance

Shares of ASX traded down $0.10 during trading hours on Thursday, hitting $10.24. 2,362,697 shares of the company were exchanged, compared to its average volume of 10,709,590. The company has a market cap of $22.59 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 0.55 and a beta of 1.34. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $11.36. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The firm's fifty day moving average is $10.17 and its 200 day moving average is $9.72.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $5.07 billion for 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%. On average, equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

ASE Technology Increases Dividend

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