Positive News SentimentPositive NewsNYSE:ASX ASE Technology (ASX) Stock Forecast, Price & News $7.53 +0.04 (+0.53%) (As of 09/25/2023 ET) Add Compare Share Share Today's Range$7.44▼$7.5550-Day Range$7.29▼$8.4052-Week Range$4.45▼$9.03Volume3.06 million shsAverage Volume5.41 million shsMarket Capitalization$16.44 billionP/E Ratio10.76Dividend Yield5.58%Price Target$7.84 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media ASE Technology MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside4.1% Upside$7.84 Price TargetShort InterestHealthy0.43% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.62Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth50.98%From $0.51 to $0.77 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.38 out of 5 starsComputer And Technology Sector243rd out of 582 stocksSemiconductors & Related Devices Industry44th out of 87 stocks 1.2 Analyst's Opinion Consensus RatingASE Technology has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.84, ASE Technology has a forecasted upside of 4.1% from its current price of $7.53.Amount of Analyst CoverageASE Technology has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.43% 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 1.7, 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 40.33%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipASE Technology is a leading dividend payer. It pays a dividend yield of 5.67%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthASE Technology has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of ASE Technology is 60.00%. 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 54.55% next year. This indicates that ASE Technology will be able to sustain or increase its 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 3.7 News and Social Media Coverage News SentimentASE Technology has a news sentiment score of 1.62. 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 0.55 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for ASE Technology this week, compared to 2 articles on an average week.Search InterestOnly 4 people have searched for ASX on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.MarketBeat Follows6 people have added ASE Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 50% 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 7.62% of the stock of ASE Technology is held by institutions. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for ASE Technology are expected to grow by 50.98% in the coming year, from $0.51 to $0.77 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ASE Technology is 10.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.48.Price to Earnings Ratio vs. SectorThe P/E ratio of ASE Technology is 10.76, 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 270.12.Price to Book Value per Share RatioASE Technology has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About ASE Technology (NYSE:ASX) StockASE 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; 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 headquartered in Kaohsiung, Taiwan.Read More ASX Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASX Stock News HeadlinesSeptember 11, 2023 | finanznachrichten.deASE Technology Holding Co., Ltd. Announces Monthly Net RevenuesSeptember 1, 2023 | stocknews.comBuilding Your September Watchlist? Don’t Overlook These 3 Chip StocksSeptember 25, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.August 26, 2023 | seekingalpha.comASE Technology And Its Real ValueAugust 18, 2023 | finance.yahoo.comASE Holdings Hosts Annual Supplier Day to Recognize Outstanding Suppliers of 2022July 27, 2023 | seekingalpha.comASE Technology Holding Co., Ltd. 2023 Q2 - Results - Earnings Call PresentationJuly 27, 2023 | finance.yahoo.comASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Second Quarter of 2023July 24, 2023 | finance.yahoo.comASE Technology (ASX) to Post Q2 Earnings: What's in the Offing?September 25, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.July 22, 2023 | seekingalpha.comASE Technology: Reasons On Why Its CheapJuly 6, 2023 | finance.yahoo.com3 Dividend Stocks That Can Double Your Income in 2023June 30, 2023 | finance.yahoo.com3711.TW - ASE Technology Holding Co., Ltd.June 2, 2023 | msn.comASE Technology Holding Co.Ltd - ADR (ASX) Declares $0.57 DividendMay 31, 2023 | finance.yahoo.comASE VIPack™ FOCoS-Bridge integrates multiple ASICs and silicon bridges to accelerate AI innovationMay 10, 2023 | seekingalpha.comTSMC And ASE: World's Largest Foundry And World's Largest OSATMay 9, 2023 | markets.businessinsider.comASE Technology April Net Revenues DownMay 2, 2023 | finance.yahoo.comASE wins Device Technology of the Year award for VIPack™April 30, 2023 | nasdaq.comASE Technology Holding Becomes Oversold (ASX)April 27, 2023 | seekingalpha.comASE Technology Holding Co., Ltd. (ASX) Q1 2023 Earnings Call TranscriptApril 27, 2023 | msn.comASE Technology Reports Mixed Q1 Performance, Margins ShrinkApril 27, 2023 | finance.yahoo.comASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the First Quarter of 2023April 12, 2023 | nasdaq.comASE Technology Net Revenues Down In March, Q1April 11, 2023 | nasdaq.comASE Technology Hldg (ASX) Trades Flat On The Day: What You Should KnowMarch 24, 2023 | finance.yahoo.comZacks.com featured highlights include ASE Technology Holding, Weatherford International, Encore Wire and TecnoglassMarch 15, 2023 | seekingalpha.comASE Technology Could Be Heading For A CorrectionMarch 14, 2023 | finance.yahoo.comASE Drives Latency and Bandwidth Innovation with VIPack™ Fanout Package-on-PackageMarch 10, 2023 | msn.comASE Technology Hldg (ASX) Stock Moves -1.37%: What You Should KnowSee 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 ASX Company Calendar Ex-Dividend for 8/3 Dividend6/30/2023Last Earnings7/27/2023Dividend Payable8/03/2023Today9/25/2023Next Earnings (Estimated)10/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Semiconductors & related devices Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:ASX CUSIPN/A CIK1122411 Webwww.aseglobal.com Phone(867) 361-7131Fax882-2-2757-6121Employees97,079Year Founded2016Price Target and Rating Average Stock Price Forecast$7.84 High Stock Price Forecast$9.20 Low Stock Price Forecast$6.47 Forecasted Upside/Downside+4.2%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.70 Trailing P/E Ratio10.74 Forward P/E Ratio14.75 P/E GrowthN/ANet Income$2.00 billion Net Margins7.38% Pretax Margin9.39% Return on Equity15.41% Return on Assets6.65% Debt Debt-to-Equity Ratio0.42 Current Ratio1.20 Quick Ratio0.86 Sales & Book Value Annual Sales$22.52 billion Price / Sales0.73 Cash Flow$1.79 per share Price / Cash Flow4.21 Book Value$4.67 per share Price / Book1.61Miscellaneous Outstanding Shares2,183,620,000Free Float1,683,572,000Market Cap$16.42 billion OptionableNot Optionable Beta1.21 Social Links 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Hung-Pen Chang (Age 76)Vice Chairman, GM & Pres Mr. Kwai Mun Lee (Age 60)Pres of Southeast Asia Operations Mr. Chen-Yen Wei (Age 68)Chairman, Pres of Universal Scientific Industrial & GM of UGTW Mr. Gilles Benhamou (Age 68)CEO of Asteelflash Technologie & Chairman Asteelflash Suzhou Co., Ltd. Mr. H. P. Chang (Age 43)Director Mr. Joseph Tung (Age 64)Group CFO & Representative Director Dr. Tien Yu Wu (Age 65)Group COO & Representative Director Mr. Murphy KuoSr. VP, Accountant Mang. & Group ControllerMr. Dtuang Wang (Age 63)Chief Admin. Officer, Chief Corp. Governance Officer & Company Sec. Mr. Kenneth Hsiang (Age 52)Head of Investor Relations & VP More ExecutivesKey CompetitorsUnited MicroelectronicsNYSE:UMCSkyworks SolutionsNASDAQ:SWKSLattice SemiconductorNASDAQ:LSCCMonolithic Power SystemsNASDAQ:MPWRQorvoNASDAQ:QRVOView All CompetitorsInstitutional OwnershipBarclays PLCBought 1,283,718 shares on 9/21/2023Ownership: 0.086%Mondrian Investment Partners LTDBought 14,858 shares on 9/20/2023Ownership: 0.001%Portside Wealth Group LLCBought 15,706 shares on 9/1/2023Ownership: 0.001%Rehmann Capital Advisory GroupBought 12,607 shares on 8/23/2023Ownership: 0.001%Osaic Holdings Inc.Sold 206,349 shares on 8/21/2023Ownership: 0.007%View All Institutional Transactions ASX Stock - Frequently Asked Questions Should I buy or sell ASE Technology stock right now? 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. What is ASE Technology's stock price forecast for 2023? 3 Wall Street research analysts have issued 1 year price objectives for ASE Technology's shares. Their ASX share price forecasts range from $6.47 to $9.20. On average, they expect the company's share price to reach $7.84 in the next year. This suggests a possible upside of 4.2% from the stock's current price. View analysts price targets for ASX or view top-rated stocks among Wall Street analysts. How have ASX shares performed in 2023? ASE Technology's stock was trading at $6.27 on January 1st, 2023. Since then, ASX stock has increased by 19.9% and is now trading at $7.52. View the best growth stocks for 2023 here. Are investors shorting ASE Technology? ASE Technology saw a increase in short interest during the month of 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 trading volume of 5,360,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.4% of the company's shares are sold short. View ASE Technology's Short Interest. When is ASE Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023. View our ASX earnings forecast. How were ASE Technology's earnings last quarter? ASE Technology Holding Co., Ltd. (NYSE:ASX) released its earnings results on Thursday, July, 27th. The semiconductor company reported $0.12 EPS for the quarter. The semiconductor company had revenue of $4.44 billion for the quarter. ASE Technology had a net margin of 7.38% and a trailing twelve-month return on equity of 15.41%. How often does ASE Technology pay dividends? What is the dividend yield for ASE Technology? ASE Technology announced 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 yield of 4.5%. The ex-dividend date of this dividend is Friday, June 30th. Read our dividend analysis for ASX. What ETFs hold ASE Technology's stock? 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). Is ASE Technology a good dividend stock? 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. 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. What other stocks do shareholders of ASE Technology own? 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). What is ASE Technology's stock symbol? ASE Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASX." Who are ASE Technology's major shareholders? ASE Technology's stock is owned by a variety of institutional and retail 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. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is ASE Technology's stock price today? One share of ASX stock can currently be purchased for approximately $7.52. How much money does ASE Technology make? ASE Technology (NYSE:ASX) has a market capitalization of $16.42 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. How many employees does ASE Technology have? The company employs 97,079 workers across the globe. How can I contact ASE Technology? 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. This page (NYSE:ASX) was last updated on 9/25/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding ASE Technology Holding Co., Ltd. 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