ASE Technology - ASX Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ASE Technology in the last twelve months. 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.
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ASE Technology's stock was trading at $7.81 at the beginning of 2022. Since then, ASX stock has decreased by 13.8% and is now trading at $6.73.
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ASE Technology saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 7,620,000 shares, a decrease of 12.3% from the October 31st total of 8,690,000 shares. Based on an average daily volume of 9,370,000 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company's stock are sold short.
View ASE Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our ASX earnings forecast.

ASE Technology Holding Co., Ltd. (NYSE:ASX) issued its quarterly earnings data on Thursday, October, 28th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. The semiconductor company earned $5.41 billion during the quarter. ASE Technology had a net margin of 11.67% and a trailing twelve-month return on equity of 27.84%.

ASE Technology declared an annual dividend on Tuesday, June 7th. Investors 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 boost 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 5.16%. 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 28.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASX will have a dividend payout ratio of 43.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASX.

ASE Technology updated its third quarter 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.26 billion-$6.26 billion, compared to the consensus revenue estimate of $5.95 billion.

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 shareholders include Fisher Asset Management LLC (1.12%), Lazard Asset Management LLC (0.81%), BlackRock Inc. (0.35%), UBS Group AG (0.29%), Cullen Capital Management LLC (0.24%) and Two Sigma Investments LP (0.13%).
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 $6.73.

ASE Technology (NYSE:ASX) has a market capitalization of $14.69 billion and generates $20.41 billion in revenue each year. The semiconductor company earns $2.17 billion in net income (profit) each year or $1.22 on an earnings per share basis.

The company employs 95,727 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.