ASE Technology (ASX) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ASE Technology in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ASX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ASX, but not buy additional shares or sell existing shares.
View ASX analyst ratings or view top-rated stocks.

3 equities research analysts have issued 12-month price targets for ASE Technology's stock. Their ASX share price forecasts range from $6.47 to $9.20. On average, they anticipate the company's share price to reach $7.84 in the next year. This suggests a possible upside of 4.6% from the stock's current price.
View analysts price targets for ASX or view top-rated stocks among Wall Street analysts.

ASE Technology's stock was trading at $6.27 at the start of the year. Since then, ASX stock has increased by 19.5% and is now trading at $7.49.
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ASE Technology saw a increase in short interest in August. As of August 31st, there was short interest totaling 9,220,000 shares, an increase of 40.3% from the August 15th total of 6,570,000 shares. Based on an average daily volume of 5,360,000 shares, the short-interest ratio is currently 1.7 days. Approximately 0.4% of the shares of the stock are short sold.
View ASE Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our ASX earnings forecast.

ASE Technology Holding Co., Ltd. (NYSE:ASX) issued its quarterly earnings results on Thursday, July, 27th. The semiconductor company reported $0.12 earnings per share for the quarter. The semiconductor company earned $4.44 billion during the quarter. ASE Technology had a net margin of 7.38% and a trailing twelve-month return on equity of 15.41%.

ASE Technology declared an annual dividend on Wednesday, May 31st. Shareholders of record on Monday, July 3rd will be paid a dividend of $0.4672 per share on Thursday, August 3rd. This represents a dividend yield of 4.5%. The ex-dividend date is Friday, June 30th.
Read our dividend analysis for ASX.

ETFs with the largest weight of ASE Technology (NYSE:ASX) stock in their portfolio include AdvisorShares Dorsey Wright ADR ETF (AADR), Amplify International Enhanced Dividend Income ETF (IDVO), Distillate International Fundamental Stability & Value ETF (DSTX), Putnam Panagora ESG Emerging Markets Equity ETF (PPEM), iShares Semiconductor ETF (SOXX), Direxion Daily Semiconductors Bull 3x Shares (SOXL) and Avantis Emerging Markets Value ETF (AVES).Avantis Responsible Emerging Markets Equity ETF (AVSE).

ASE Technology (NYSE:ASX) pays an annual dividend of $0.42 per share and currently has a dividend yield of 5.67%. ASX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 60.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASX will have a dividend payout ratio of 54.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASX.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other ASE Technology investors own include Nokia Oyj (NOK), Cisco Systems (CSCO), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA), AT&T (T), Advanced Micro Devices (AMD), EnLink Midstream (ENLC), Inovio Pharmaceuticals (INO) and Pfizer (PFE).

ASE Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASX."

ASE Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include Lazard Asset Management LLC (1.41%), Fisher Asset Management LLC (0.98%), BlackRock Inc. (0.38%), Schroder Investment Management Group (0.30%), Earnest Partners LLC (0.22%) and Cullen Capital Management LLC (0.20%).
View institutional ownership trends.

Shares of ASX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ASX stock can currently be purchased for approximately $7.49.

ASE Technology (NYSE:ASX) has a market capitalization of $16.36 billion and generates $22.52 billion in revenue each year. The semiconductor company earns $2.00 billion in net income (profit) each year or $0.70 on an earnings per share basis.

The company employs 97,079 workers across the globe.

ASE Technology's mailing address is 26 CHIN THIRD ROAD NANTZE EXPORT PROCESSING ZONE, KAOHSIUNG F5, 811. The official website for the company is www.aseglobal.com. The semiconductor company can be reached via phone at (867) 361-7131, via email at ir@aseglobal.com, or via fax at 882-2-2757-6121.