Wellington Management Group LLP Makes New Investment 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) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 355,247 shares of the semiconductor company's stock, valued at approximately $3,112,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Infini Capital Management Ltd bought a new position in shares of ASE Technology in the first quarter valued at approximately $3,952,000. Squarepoint Ops LLC boosted its position in ASE Technology by 112.3% in the fourth quarter. Squarepoint Ops LLC now owns 663,889 shares of the semiconductor company's stock worth $6,685,000 after purchasing an additional 351,151 shares during the last quarter. Banque Pictet & Cie SA bought a new position in ASE Technology in the 1st quarter valued at $2,753,000. Jennison Associates LLC purchased a new stake in shares of ASE Technology during the 1st quarter valued at $2,702,000. Finally, Millennium Management LLC raised its stake 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 purchasing an additional 255,747 shares during the period. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Stock Performance

Shares of NYSE:ASX traded down $0.02 during midday trading on Thursday, reaching $10.31. The company had a trading volume of 7,129,474 shares, compared to its average volume of 6,319,546. The stock has a market cap of $22.77 billion, a P/E ratio of 21.94, a P/E/G ratio of 0.58 and a beta of 1.34. The company's 50 day moving average price is $10.16 and its 200 day moving average price is $9.72. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. 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 quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The company 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%. As a group, sell-side analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

ASE Technology Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 2nd were issued a dividend of $0.359 per share. This represents a yield of 230.0%. This is a positive change from ASE Technology's previous annual dividend of $0.32. The ex-dividend date of this dividend was Wednesday, July 2nd. ASE Technology's dividend payout ratio is currently 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.