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S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results

ASE Technology (ASX) Stock Price, News & Analysis

$9.59
-0.27 (-2.74%)
(As of 02/27/2024 ET)
Today's Range
$9.59
$9.73
50-Day Range
$8.57
$9.95
52-Week Range
$6.70
$10.03
Volume
4.49 million shs
Average Volume
5.95 million shs
Market Capitalization
$20.93 billion
P/E Ratio
20.39
Dividend Yield
4.38%
Price Target
$7.84

ASE Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
18.3% Downside
$7.84 Price Target
Short Interest
Healthy
0.23% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.50mentions of ASE Technology in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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.

2.44 out of 5 stars

Computer And Technology Sector

394th out of 595 stocks

Semiconductors & Related Devices Industry

62nd out of 87 stocks


ASX stock logo

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; 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.

ASX Stock Price History

ASX Stock News Headlines

5 Semiconductor stocks under $10
In the ever-changing arena of investing, opportunities often arise in unexpected places. While big-name companies like Nvidia grab the headlines with their meteoric rises, a lesser-known but equally promising segment within the semiconductor sector is catching the attention of savvy investors.
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ASX Jun 2024 17.500 call
Critical asset just had biggest fall on record
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ASX Sep 2024 12.500 call
ASX Feb 2024 12.500 call
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Recap: ASE Tech Holding Co Q4 Earnings
ASE Technology Q4 2023 Earnings Preview
Here's what to expect from ASE Industrial's earnings
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See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Today
2/27/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
97,079
Year Founded
2016

Price Target and Rating

Average Stock Price Target
$7.84
High Stock Price Target
$9.20
Low Stock Price Target
$6.47
Potential Upside/Downside
-18.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$1.02 billion
Pretax Margin
7.32%

Debt

Sales & Book Value

Annual Sales
$18.69 billion
Cash Flow
$1.29 per share
Book Value
$4.68 per share

Miscellaneous

Outstanding Shares
2,183,620,000
Free Float
1,683,572,000
Market Cap
$20.96 billion
Optionable
Optionable
Beta
1.24

Social Links

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Key Executives

  • Mr. Hung-Pen Chang (Age 77)
    Vice Chairman, GM & President
  • Mr. Kwai Mun Lee (Age 61)
    President of Southeast Asia Operations
  • Mr. Chen-Yen Wei (Age 69)
    Chairman, President of Universal Scientific Industrial & GM of UGTW
  • Mr. Gilles Benhamou (Age 69)
    CEO of Asteelflash Technologie & Chairman Asteelflash Suzhou Co., Ltd.
  • Mr. Rutherford Chang (Age 44)
    Director
  • Mr. Joseph Tung (Age 65)
    Group CFO & Representative Director
  • Dr. Tien Yu Wu (Age 66)
    Group COO & Representative Director
  • Mr. Murphy Kuo
    Senior VP, Accountant Manager & Group Controller
  • Mr. Dtuang Wang (Age 64)
    Chief Administrative Officer, Chief Corporate Governance Officer & Company Secretary
  • Mr. Kenneth Hsiang (Age 53)
    Head of Investor Relations & VP

Should I Buy ASE Technology Stock? ASX Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of ASE Technology was last updated on Tuesday, February 27, 2024 at 3:04 PM.

Pros

Here are some ways that investors could benefit from investing in ASE Technology Holding Co., Ltd.:

  • ASE Technology Holding Co., Ltd. is a leading provider of semiconductor assembly and testing services (ATM) and electronic manufacturing services (EMS), indicating a strong position in the industry.
  • The company reported unaudited net revenues of NT$160,581 million for the fourth quarter of 2023, showcasing a substantial revenue stream.
  • ASE Technology Holding Co., Ltd. has a diverse geographical presence, operating in the United States, Taiwan, Asia, Europe, and internationally, which can help mitigate risks associated with regional economic fluctuations.
  • The company offers a range of services beyond semiconductor packaging and testing, such as real estate management, information software, and equipment leasing, providing additional revenue streams and diversification.
  • ASE Technology Holding Co., Ltd. has a long-standing history, founded in 1984, indicating stability and experience in the industry.

Cons

Investors should be bearish about investing in ASE Technology Holding Co., Ltd. for these reasons:

  • The company's net income attributable to shareholders of the parent decreased in the fourth quarter of 2023 compared to the same period in the previous year, which may raise concerns about profitability.
  • The semiconductor industry is highly competitive and subject to rapid technological advancements, posing challenges for sustained growth and market share retention.
  • Global economic conditions and trade policies can impact the semiconductor market, potentially affecting ASE Technology Holding Co., Ltd.'s performance and revenue streams.
  • Investing in semiconductor companies involves inherent risks related to market volatility, supply chain disruptions, and regulatory changes that can impact financial performance.
  • Fluctuations in semiconductor demand and pricing can influence the company's revenue and profitability, making it susceptible to market dynamics.














ASX Stock Analysis - Frequently Asked Questions

Should I buy or sell ASE Technology stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ASE Technology in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ASX shares.
View ASX analyst ratings
or view top-rated stocks.

What is ASE Technology's stock price target for 2024?

2 analysts have issued 12 month price targets for ASE Technology's shares. Their ASX share price targets 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 that the stock has a possible downside of 18.3%.
View analysts price targets for ASX
or view top-rated stocks among Wall Street analysts.

How have ASX shares performed in 2024?

ASE Technology's stock was trading at $9.41 at the beginning of the year. Since then, ASX stock has increased by 1.9% and is now trading at $9.5850.
View the best growth stocks for 2024 here
.

Are investors shorting ASE Technology?

ASE Technology saw a decline in short interest during the month of January. As of January 31st, there was short interest totaling 4,860,000 shares, a decline of 17.1% from the January 15th total of 5,860,000 shares. Based on an average daily volume of 5,070,000 shares, the days-to-cover ratio is currently 1.0 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, April 25th 2024.
View our ASX earnings forecast
.

How were ASE Technology's earnings last quarter?

ASE Technology Holding Co., Ltd. (NYSE:ASX) posted its quarterly earnings data on Wednesday, January, 31st. The semiconductor company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The semiconductor company had revenue of $5.05 billion for the quarter. ASE Technology had a net margin of 5.44% and a trailing twelve-month return on equity of 10.31%. During the same quarter in the previous year, the firm earned $0.23 earnings per share.

How often does ASE Technology pay dividends? What is the dividend yield for ASE Technology?

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 yield of 4.5%. The ex-dividend date of this dividend is Friday, June 30th.
Read our dividend analysis for ASX
.

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 4.33%. 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 89.36%. Payout ratios above 75% are not desirable because they may not be sustainable.
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).

Who are ASE Technology's major shareholders?

ASE Technology's stock is owned by many different retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (0.91%), UBS Group AG (0.42%), Schroder Investment Management Group (0.26%), Goldman Sachs Group Inc. (0.18%), Rafferty Asset Management LLC (0.18%) and Cullen Capital Management LLC (0.13%).
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.

This page (NYSE:ASX) was last updated on 2/28/2024 by MarketBeat.com Staff