NYSE:ASX ASE Technology (ASX) Stock Forecast, Price & News $7.82 +0.20 (+2.62%) (As of 11:51 AM ET) Add Compare Share Share Today's Range$7.69▼$7.8250-Day Range$6.74▼$7.9752-Week Range$4.45▼$7.97Volume1.80 million shsAverage Volume5.48 million shsMarket Capitalization$17.08 billionP/E Ratio9.42Dividend Yield4.48%Price TargetN/A ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media ASE Technology MarketRank™ ForecastAnalyst RatingN/AUpside/DownsideN/AShort InterestHealthy0.24% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.12Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth34.38%From $0.64 to $0.86 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.3.20 out of 5 starsComputer And Technology Sector18th out of 621 stocksSemiconductors & Related Devices Industry5th out of 89 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for ASE Technology. Previous Next 4.0 Short Interest Percentage of Shares Shorted0.24% 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, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in ASE Technology has recently decreased by 0.76%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipASE Technology is a leading dividend payer. It pays a dividend yield of 4.55%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthASE Technology has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of ASE Technology is 42.17%. 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 40.70% 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 4.0 News and Social Media Coverage News SentimentASE Technology has a news sentiment score of 1.12. 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 0.54 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 Interest6 people have searched for ASX on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.MarketBeat Follows10 people have added ASE Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 150% 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 7.03% 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 34.38% in the coming year, from $0.64 to $0.86 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ASE Technology is 9.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.88.Price to Earnings Ratio vs. SectorThe P/E ratio of ASE Technology is 9.17, 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 298.01.Price to Book Value per Share RatioASE Technology has a P/B Ratio of 1.74. 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. engages in the provision of semiconductor manufacturing services. It develops and offers complete turnkey solutions in IC (Integrated Circuit) packaging, design and production of interconnect materials, front-end engineering testing, wafer probing and final testing, as well as electronic manufacturing services. The company was founded on April 30, 2018 and is headquartered in Kaohsiung City, Taiwan.Read More 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 Stock News HeadlinesMay 31, 2023 | finance.yahoo.comASE VIPack™ FOCoS-Bridge integrates multiple ASICs and silicon bridges to accelerate AI innovationMay 20, 2023 | americanbankingnews.comASE Technology (NYSE:ASX) Research Coverage Started at StockNews.comJune 1, 2023 | Edge On The Street (Ad)Graphite Shortage Could Derail the $7 Trillion EV TransitionGraphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.May 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 4, 2023 | americanbankingnews.comShort Interest in ASE Technology Holding Co., Ltd. (NYSE:ASX) Declines By 5.5%May 2, 2023 | finance.yahoo.comASE wins Device Technology of the Year award for VIPack™April 30, 2023 | nasdaq.comASE Technology Holding Becomes Oversold (ASX)June 1, 2023 | Edge On The Street (Ad)Graphite Shortage Could Derail the $7 Trillion EV TransitionGraphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.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 15, 2023 | americanbankingnews.comASE Technology (NYSE:ASX) Shares Down 3.9% April 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 27, 2023 | americanbankingnews.comASE Technology (NYSE:ASX) & NVE (NASDAQ:NVEC) Head to Head ReviewMarch 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 KnowMarch 9, 2023 | msn.comASE Technology Hldg (ASX) Is a Great Choice for 'Trend' Investors, Here's WhyFebruary 14, 2023 | msn.comASE Technology Hldg (ASX) Shows Fast-paced Momentum But Is Still a Bargain StockFebruary 13, 2023 | msn.comHere's Why Momentum in ASE Technology Hldg (ASX) Should Keep goingFebruary 10, 2023 | morningstar.comASE Technology Holding Co Ltd ADRFebruary 9, 2023 | msn.comASE Technology GAAP EPADS of $0.228 beats by $0.02, revenue of NT$177.42BFebruary 9, 2023 | finance.yahoo.comASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Fourth Quarter and the Full Year of 2022February 9, 2023 | markets.businessinsider.comASE Technology January Net Revenues DeclineSee More Headlines ASX Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASX Company Calendar Last Earnings10/28/2021Today6/01/2023Next Earnings (Estimated)7/27/2023Fiscal 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 Founded2016Profitability EPS (Most Recent Fiscal Year)$0.83 Trailing P/E Ratio9.17 Forward P/E Ratio11.90 P/E GrowthN/ANet Income$2.00 billion Net Margins8.38% Pretax Margin10.75% Return on Equity18.47% Return on Assets7.73% Debt Debt-to-Equity Ratio0.43 Current Ratio1.16 Quick Ratio0.79 Sales & Book Value Annual Sales$22.52 billion Price / Sales0.74 Cash Flow$1.72 per share Price / Cash Flow4.42 Book Value$4.37 per share Price / Book1.74Miscellaneous Outstanding Shares2,183,620,000Free Float1,683,572,000Market Cap$16.63 billion OptionableNot Optionable Beta1.22 Social Links Key ExecutivesHung Pen ChangVice Chairman & General ManagerTien Yu WuChief Operating Officer & DirectorHung Ssu TungChief Financial Officer & DirectorDu Tsuen UangChief Administration OfficerHung Ming KuoHead-Accounting & Deputy General ManagerKey CompetitorsSkyworks SolutionsNASDAQ:SWKSUnited MicroelectronicsNYSE:UMCLattice SemiconductorNASDAQ:LSCCQorvoNASDAQ:QRVOMonolithic Power SystemsNASDAQ:MPWRView All CompetitorsInstitutional OwnershipToroso Investments LLCBought 131,213 shares on 5/23/2023Ownership: 0.006%Ameriprise Financial Inc.Bought 2,427 shares on 5/22/2023Ownership: 0.002%Putnam Investments LLCBought 22,261 shares on 5/22/2023Ownership: 0.001%JPMorgan Chase & Co.Bought 96,294 shares on 5/18/2023Ownership: 0.054%New York State Common Retirement FundBought 219,293 shares on 5/18/2023Ownership: 0.010%View All Institutional Transactions ASX Stock - Frequently Asked Questions Should I buy or sell ASE Technology stock right now? 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ASE Technology in the last year. There are currently 1 hold 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. How have ASX shares performed in 2023? ASE Technology's stock was trading at $6.27 at the start of the year. Since then, ASX stock has increased by 21.5% and is now trading at $7.6150. View the best growth stocks for 2023 here. Are investors shorting ASE Technology? ASE Technology saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 5,230,000 shares, a decrease of 23.9% from the April 15th total of 6,870,000 shares. Based on an average trading volume of 5,650,000 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company's stock are short sold. 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, July 27th 2023. View our ASX earnings forecast. How were ASE Technology's earnings last quarter? ASE Technology Holding Co., Ltd. (NYSE:ASX) released its quarterly earnings results on Thursday, October, 28th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The semiconductor company had revenue of $5.41 billion for the quarter. ASE Technology had a net margin of 8.38% and a trailing twelve-month return on equity of 18.47%. How often does ASE Technology pay dividends? What is the dividend yield for ASE Technology? ASE Technology declared an annual dividend on Tuesday, June 7th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.4794 per share on Thursday, August 4th. This represents a yield of 8%. The ex-dividend date of this dividend is Wednesday, June 29th. This is an increase from the stock's previous annual dividend of $0.30. 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 Amplify International Enhanced Dividend Income ETF (IDVO), AdvisorShares Dorsey Wright ADR ETF (AADR), Alpha Dog ETF (RUFF), Inspire Fidelis Multi Factor ETF (FDLS), Distillate International Fundamental Stability & Value ETF (DSTX), Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM), iShares Semiconductor ETF (SOXX) and Direxion Daily Semiconductors Bull 3x Shares (SOXL). Is ASE Technology a good dividend stock? ASE Technology (NYSE:ASX) pays an annual dividend of $0.35 per share and currently has a dividend yield of 4.43%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASX will have a dividend payout ratio of 40.70% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ASX. What guidance has ASE Technology issued on next quarter's earnings? ASE Technology issued an update on its first quarter earnings guidance on Thursday, April, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.30 billion-$4.30 billion, compared to the consensus revenue estimate of $4.33 billion. 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 Fisher Asset Management LLC (1.00%), Arrowstreet Capital Limited Partnership (0.61%), UBS Group AG (0.53%), BlackRock Inc. (0.34%), Bank of America Corp DE (0.28%) and Acadian Asset Management LLC (0.26%). 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 $7.62. How much money does ASE Technology make? ASE Technology (NYSE:ASX) has a market capitalization of $16.63 billion and generates $22.52 billion in revenue each year. The semiconductor company earns $2.00 billion in net income (profit) each year or $0.83 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 6/1/2023 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. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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