Wellington Management Group LLP Purchases New Position in ASE Technology Holding Co., Ltd. $ASX

Key Points

• Wellington Management Group LLP acquired a new stake in ASE Technology Holding Co. during the first quarter, buying 355,247 shares valued at approximately $3.1 million.
• ASE Technology's stock recently reported a 0.6% decline, with shares opening at $9.92 and a 52-week range between $6.94 and $11.36.
• The company has increased its annual dividend to $0.359, representing a yield of 230.0%, up from a previous yield of $0.32.

Wellington Management Group LLP acquired a new position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 355,247 shares of the semiconductor company's stock, valued at approximately $3,112,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in ASE Technology by 9.7% in the first quarter. American Century Companies Inc. now owns 2,631,190 shares of the semiconductor company's stock worth $23,049,000 after purchasing an additional 233,049 shares in the last quarter. Millennium Management LLC grew its position in shares of ASE Technology by 16.4% during the 4th quarter. Millennium Management LLC now owns 1,817,203 shares of the semiconductor company's stock worth $18,299,000 after buying an additional 255,747 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of ASE Technology by 1.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 1,569,296 shares of the semiconductor company's stock valued at $13,747,000 after acquiring an additional 25,182 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of ASE Technology by 28.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 800,934 shares of the semiconductor company's stock valued at $8,065,000 after acquiring an additional 177,418 shares during the period. Finally, Northern Trust Corp boosted its position in shares of ASE Technology by 17.4% during the 4th quarter. Northern Trust Corp now owns 721,474 shares of the semiconductor company's stock worth $7,265,000 after purchasing an additional 107,172 shares in the last quarter. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Stock Down 0.8%

ASE Technology stock traded down $0.09 during mid-day trading on Thursday, reaching $10.25. The stock had a trading volume of 1,274,128 shares, compared to its average volume of 10,702,572. The stock's 50-day simple moving average is $10.17 and its 200-day simple moving average is $9.72. 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 debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 1.02. The firm has a market capitalization of $22.62 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 0.55 and a beta of 1.34.

ASE Technology (NYSE:ASX - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. On average, sell-side analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal 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%.

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.