NYSE:ASX ASE Technology (ASX) Stock Price, News & Analysis $10.34 -0.02 (-0.19%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$10.15▼$10.4550-Day Range$10.37▼$12.5052-Week Range$7.20▼$12.86Volume7.92 million shsAverage Volume6.13 million shsMarket Capitalization$22.67 billionP/E Ratio22.48Dividend Yield2.22%Price Target$9.20 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get ASE Technology alerts: Email Address ASE Technology MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside11.0% Downside$9.20 Price TargetShort InterestHealthy0.42% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.64Based on 15 Articles This WeekInsider TradingN/AProj. Earnings Growth35.48%From $0.62 to $0.84 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.61 out of 5 starsComputer And Technology Sector240th out of 612 stocksSemiconductors & Related Devices Industry37th out of 89 stocks 1.3 Analyst's Opinion Consensus RatingASE Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Amount of Analyst CoverageASE Technology has only been the subject of 1 research reports in the past 90 days.Read more about ASE Technology's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.42% of the float of ASE Technology has been sold short.Short Interest Ratio / Days to CoverASE Technology has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in ASE Technology has recently increased by 17.82%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldASE Technology pays a meaningful dividend of 2.21%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthASE Technology does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of ASE Technology is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, ASE Technology will have a dividend payout ratio of 27.38% next year. This indicates that ASE Technology will be able to sustain or increase its dividend.Read more about ASE Technology's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ASX. Previous Next 3.1 News and Social Media Coverage News SentimentASE Technology has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 15 news articles for ASE Technology this week, compared to 3 articles on an average week.Search InterestOnly 22 people have searched for ASX on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.MarketBeat Follows13 people have added ASE Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 63% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, ASE Technology insiders have not sold or bought any company stock.Percentage Held by Insiders22.90% of the stock of ASE Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 6.80% of the stock of ASE Technology is held by institutions.Read more about ASE Technology's insider trading history. Previous Next 4.4 Earnings and Valuation Earnings GrowthEarnings for ASE Technology are expected to grow by 35.48% in the coming year, from $0.62 to $0.84 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ASE Technology is 22.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.45.Price to Earnings Ratio vs. SectorThe P/E ratio of ASE Technology is 22.48, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 262.26.Price to Earnings Growth RatioASE Technology has a PEG Ratio of 0.60. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioASE Technology has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about ASE Technology's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Unstoppable Prosperity“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.You can find out what they are by clicking here now. About ASE Technology Stock (NYSE:ASX)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. ASE Technology Holding Co., Ltd. was founded in 1984 and is based in Kaohsiung, Taiwan.Read More ASX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASX Stock News HeadlinesJuly 24 at 7:13 AM | marketbeat.comDiscover the Hidden Gem in Chip Manufacturing StocksASE Technology Holding Co. Ltd. (NYSE: ASX) is a Taiwan-based semiconductor manufacturing company you’ve probably never heard of.July 25 at 5:32 PM | markets.businessinsider.comASE Technology Q2 Profit, Revenues RiseJuly 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 25 at 12:31 PM | sg.finance.yahoo.comBRIEF-Wasion Says Unit Won Smart Meter Tender ContractJuly 25 at 12:31 PM | markets.businessinsider.comHere's what Wall Street expects from ASE Industrial's earningsJuly 25 at 12:31 PM | msn.comApple's Taiwanese Chip Supplier ASE Tech Clocks Modest Q2 Growth In RevenuesJuly 25 at 2:45 AM | prnewswire.comASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Second Quarter of 2024July 23 at 5:28 AM | americanbankingnews.comASE Technology (ASX) to Release Quarterly Earnings on ThursdayJuly 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 22, 2024 | msn.comNvidia, Apple Supplier TSMC And Other US-Listed Taiwan Stocks Trading Lower In Pre-Market After Biden Quits Presidential RaceJuly 17, 2024 | 247wallst.com5 Smartest Dividend Tech Stocks to Buy With $500 Right NowJuly 16, 2024 | prnewswire.comUSI Expands Global Footprint: New Completion of Tonala Site in MexicoJuly 11, 2024 | stocknews.com3 High-Momentum Stocks to Ride the Market WaveJuly 9, 2024 | prnewswire.comASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*June 13, 2024 | businesswire.comASE Holdings Hosts Annual Supplier Day to Recognize Outstanding Suppliers of 2023June 11, 2024 | prnewswire.comASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*June 6, 2024 | stocknews.com3 Chip Stocks to Watch for June SurgeMay 30, 2024 | investorplace.comIf You Can Only Buy One Semiconductor Stock in May, It Better Be One of These 3 NamesSee More Headlines Receive ASX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for ASE Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 8/2 Dividend7/02/2024Last Earnings7/25/2024Today7/26/2024Dividend Payable8/02/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorComputer and Technology Industry Semiconductors & related devices Sub-IndustryN/A Current SymbolNYSE:ASX CUSIPN/A CIK1122411 Webwww.aseglobal.com Phone(867) 361-7131Fax882-2-2757-6121Employees92,894Year Founded2016Price Target and Rating Average Stock Price Target$9.20 High Stock Price Target$9.20 Low Stock Price Target$9.20 Potential Upside/Downside-10.9%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.46 Trailing P/E Ratio22.44 Forward P/E Ratio16.65 P/E Growth0.6Net Income$1.16 billion Net Margins5.41% Pretax Margin7.44% Return on Equity10.09% Return on Assets4.60% Debt Debt-to-Equity Ratio0.37 Current Ratio1.19 Quick Ratio0.92 Sales & Book Value Annual Sales$18.69 billion Price / Sales1.21 Cash Flow$1.29 per share Price / Cash Flow7.97 Book Value$4.69 per share Price / Book2.20Miscellaneous Outstanding Shares2,192,210,000Free Float1,690,196,000Market Cap$22.62 billion OptionableOptionable Beta1.21 Social Links 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. Hung-Pen Chang (Age 77)Vice Chairman, GM & President Mr. Joseph Tung (Age 65)Group CFO & Representative Director Dr. Tien Yu Wu (Age 66)Group COO & Representative Director Mr. Murphy KuoSenior VP, Accountant Manager & Group ControllerMr. Dtuang Wang (Age 64)Chief Administrative Officer, Chief Corporate Governance Officer & Company Secretary Mr. Kenneth Hsiang (Age 53)Head of Investor Relations & VP Dr. Shi Hua Pan (Age 79)Group Chief of Staff Mr. Rui Rong Lo (Age 69)GM of Kaohsiung Plant & Representative Director Mr. Kwai Mun Lee (Age 61)President of Southeast Asia Operations Mr. Bo-Lian LiSenior Vice PresidentMore ExecutivesKey CompetitorsNXP SemiconductorsNASDAQ:NXPIMarvell TechnologyNASDAQ:MRVLMicrochip TechnologyNASDAQ:MCHPMonolithic Power SystemsNASDAQ:MPWRSTMicroelectronicsNYSE:STMView All CompetitorsInstitutional OwnershipAtomi Financial Group Inc.Bought 1,345 shares on 7/26/2024Ownership: 0.002%Allspring Global Investments Holdings LLCBought 1,046 shares on 7/26/2024Ownership: 0.001%Hennessy Advisors Inc.Sold 1,520 shares on 7/23/2024Ownership: 0.001%Ninety One UK LtdBought 114,494 shares on 7/22/2024Ownership: 0.005%Fifth Third BancorpBought 5,289 shares on 7/22/2024Ownership: 0.000%View All Institutional Transactions Should I Buy ASE Technology Stock? ASX Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in ASE Technology Holding Co., Ltd.: ASE Technology Holding Co., Ltd. stock price has been showing a positive trend, currently trading at $11.14, which indicates potential growth. ASE Technology reported a return on equity of 10.09% and a net margin of 5.41%, demonstrating strong financial performance. ASE Technology's revenue for the last quarter was $4.24 billion, showcasing a robust business operation. Analysts forecast that ASE Technology will post earnings per share of 0.62 for the current year, indicating future profitability. ASE Technology offers a dividend yield of 2.2%, providing investors with a source of passive income. Cons Investors should be bearish about investing in ASE Technology Holding Co., Ltd. for these reasons: The semiconductor company missed analysts' consensus estimates for earnings per share in the last quarter, which may raise concerns about its financial performance. ASE Technology's payout ratio is high at 91.31%, indicating a significant portion of earnings is being distributed as dividends, potentially limiting reinvestment for growth. ASE Technology's stock has a beta of 1.20, suggesting higher volatility compared to the market average, which may pose risks for investors. The company's debt-to-equity ratio of 0.37 may indicate a moderate level of financial leverage, which could impact its financial stability in adverse market conditions. ASE Technology's 12-month high of $11.68 may signal a potential resistance level for the stock, impacting its short-term price performance. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these ASE Technology pros and cons to contact@marketbeat.com. ASX Stock Analysis - Frequently Asked Questions How have ASX shares performed this year? ASE Technology's stock was trading at $9.41 on January 1st, 2024. Since then, ASX stock has increased by 9.9% and is now trading at $10.34. View the best growth stocks for 2024 here. How were ASE Technology's earnings last quarter? ASE Technology Holding Co., Ltd. (NYSE:ASX) released its quarterly earnings data on Thursday, July, 25th. The semiconductor company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The semiconductor company earned $4.33 billion during the quarter. ASE Technology had a net margin of 5.41% and a trailing twelve-month return on equity of 10.09%. What is Jason C. S. Chang's approval rating as ASE Technology's CEO? 25 employees have rated ASE Technology Chief Executive Officer Jason C. S. Chang on Glassdoor.com. Jason C. S. Chang has an approval rating of 80% among the company's employees. Who are ASE Technology's major shareholders? Top institutional shareholders of ASE Technology include Ninety One UK Ltd (0.01%), Blue Trust Inc., Envestnet Portfolio Solutions Inc. and Atomi Financial Group Inc.. View institutional ownership trends. How do I buy shares of ASE Technology? Shares of ASX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of ASE Technology own? Based on aggregate information from My MarketBeat watchlists, some other companies that ASE Technology investors own include Nokia Oyj (NOK), Cisco Systems (CSCO), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA), AT&T (T) and Advanced Micro Devices (AMD). This page (NYSE:ASX) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredRare signal predicts 50% market drop - before electionThe market is near all-time highs, we're told that unemployment is low, AI's a gift to humanity, and the FED w...Behind the Markets | SponsoredThis student turned $1,300 into $45,000 in just 4 Months!With the help of S.A.M. 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