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ASE Technology - ASX Stock Forecast, Price & News

$6.06
-0.02 (-0.33%)
(As of 08/8/2022 05:42 PM ET)
Add
Compare
Today's Range
$5.99
$6.10
50-Day Range
$4.96
$7.30
52-Week Range
$4.88
$9.41
Volume
7.05 million shs
Average Volume
6.29 million shs
Market Capitalization
$13.30 billion
P/E Ratio
5.09
Dividend Yield
5.76%
Price Target
$8.10

ASE Technology MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
33.7% Upside
$8.10 Price Target
Short Interest
Healthy
0.24% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
2.17%
From $0.92 to $0.94 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.16 out of 5 stars

Computer And Technology Sector

16th out of 833 stocks

Semiconductors & Related Devices Industry

4th out of 115 stocks

ASX stock logo

About ASE Technology (NYSE:ASX) Stock

ASE Technology Holding Co., Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It offers packaging services, including flip chip ball grid array (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packages, low profile and thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, and 3D chip packages; stacked die solutions in various packages; and copper and silver wire bonding solutions. The company also provides advanced packages, such as flip chip BGA; heat-spreader FCBGA; flip-chip CSP; hybrid FCCSP; flip chip package in package and package on package (POP); advanced single sided substrate; high-bandwidth POP; fan-out wafer-level packaging; SESUB; and 2.5D silicon interposer. In addition, it offers IC wire bonding packages; system-in-package products (SiP) and modules; and interconnect materials, as well as assembles automotive electronic products. Further, the company provides a range of semiconductor testing services, including front-end engineering testing, wafer probing, logic/mixed-signal/RF module and SiP/MEMS/discrete final testing, and other test-related services, as well as drop shipment services. Additionally, 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. The company was incorporated in 1984 and is headquartered in Kaohsiung, Taiwan.

ASE Technology Stock Performance

Shares of ASX opened at $6.08 on Monday. ASE Technology has a 1 year low of $4.88 and a 1 year high of $9.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 0.83. The stock's fifty day moving average price is $6.04 and its two-hundred day moving average price is $6.65. The firm has a market cap of $13.34 billion, a PE ratio of 5.11, a PEG ratio of 0.29 and a beta of 1.13.

ASE Technology Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, August 4th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.4794 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This is an increase from ASE Technology's previous annual dividend of $0.30. This represents a yield of 8%. ASE Technology's dividend payout ratio is 29.41%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of ASE Technology from a "hold" rating to a "buy" rating in a report on Saturday, April 23rd.

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ASX Stock News Headlines

ASE Technology June, Q2 Revenues Climb
ASE Technology rallies 9% post Q1 results
ASE Technology Q1 Net Income Rises
Add These 5 Low P/B Stocks to Your Portfolio in March
See More Headlines
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ASX Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 8/4 Dividend
6/29/2022
Dividend Payable
8/04/2022
Today
8/08/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
95,727
Year Founded
2016

Price Target and Rating

Average Stock Price Forecast
$8.10
High Stock Price Forecast
$8.10
Low Stock Price Forecast
$8.10
Forecasted Upside/Downside
+33.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$2.17 billion
Pretax Margin
14.96%

Debt

Sales & Book Value

Annual Sales
$20.41 billion
Cash Flow
$1.93 per share
Book Value
$4.41 per share

Miscellaneous

Outstanding Shares
2,194,277,000
Free Float
1,691,788,000
Market Cap
$13.30 billion
Optionable
Not Optionable
Beta
1.13

Social Links


Key Executives

  • Mr. Hung-Pen Chang (Age 75)
    Vice Chairman, GM & Pres
  • Mr. Joseph Tung (Age 63)
    Group CFO & Representative Director
  • Dr. Tien Yu Wu (Age 64)
    Group COO & Representative Director
  • Mr. Du-Tsuen Uang (Age 62)
    Chief Admin. Officer, Chief Corp. Governance Officer & Company Sec.
  • Mr. Kenneth Hsiang (Age 51)
    Head of Investor Relations & VP
  • Dr. Shi Hua Pan (Age 77)
    Group Chief of Staff
  • Mr. Rui Rong Lo (Age 67)
    GM of Kaohsiung Plant & Representative Director
  • Mr. Kwai Mun Lee (Age 59)
    Pres of Southeast Asia Operations
  • Mr. Bo-Lian Li
    Sr. VP
  • Pei-Li Shen
    Deputy Gen. Mang.













ASX Stock - Frequently Asked Questions

Should I buy or sell ASE Technology stock right now?

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.
View ASX analyst ratings
or view top-rated stocks.

What is ASE Technology's stock price forecast for 2022?

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.
View analysts price targets for ASX
or view top-rated stocks among Wall Street analysts.

How has ASE Technology's stock performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is ASE Technology's next earnings date?

ASE Technology is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our ASX earnings forecast
.

How were ASE Technology's earnings last quarter?

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%.

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. 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
.

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 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.

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 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%).
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 $6.02.

How much money does ASE Technology make?

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.

How many employees does ASE Technology have?

ASE Technology employs 95,727 workers across the globe.

When was ASE Technology founded?

ASE Technology was founded in 2016.

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 8/8/2022 by MarketBeat.com Staff

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