ASE Technology - ASX Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ASE Technology in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities 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.
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3 Wall Street analysts have issued 1 year price targets for ASE Technology's stock. Their ASX stock forecasts range from $8.10 to $8.10. On average, they anticipate the company's share price to reach $8.10 in the next twelve months. This suggests a possible upside of 34.6% from the stock's current price.
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ASE Technology's stock was trading at $7.81 at the start of the year. Since then, ASX shares have decreased by 22.9% and is now trading at $6.02.
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ASE Technology is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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ASE Technology Holding Co., Ltd. (NYSE:ASX) announced its quarterly earnings results on Thursday, October, 28th. The semiconductor company reported $0.23 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 trailing twelve-month return on equity of 27.91% and a net margin of 11.80%.

ASE Technology declared an annual dividend on Tuesday, June 7th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.4794 per share on Thursday, August 4th. This represents a dividend yield of 8%. The ex-dividend date of this dividend is Wednesday, June 29th. This is a positive change from the stock's previous annual dividend of $0.30.
Read our dividend analysis for ASX.

ASE Technology (NYSE:ASX) pays an annual dividend of $0.35 per share and currently has a dividend yield of 5.76%. ASX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 29.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASX will have a dividend payout ratio of 37.23% 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 institutional and retail investors. Top institutional investors include State of New Jersey Common Pension Fund D (0.11%), Envestnet Asset Management Inc. (0.08%), Connor Clark & Lunn Investment Management Ltd. (0.02%), Veriti Management LLC (0.01%), Brinker Capital Investments LLC (0.01%) and Truist Financial Corp (0.00%).
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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 $6.02.

ASE Technology (NYSE:ASX) has a market capitalization of $13.21 billion and generates $20.41 billion in revenue each year. The semiconductor company earns $2.17 billion in net income (profit) each year or $1.19 on an earnings per share basis.

ASE Technology employs 95,727 workers across the globe.

ASE Technology was founded in 2016.

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.