28,107 Shares in ASE Technology Holding Co., Ltd. $ASX Purchased by SG Trading Solutions LLC

SG Trading Solutions LLC acquired a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 4th quarter, Holdings Channel reports. The fund acquired 28,107 shares of the semiconductor company’s stock, valued at approximately $453,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Lazard Asset Management LLC lifted its stake in shares of ASE Technology by 11.1% in the 4th quarter. Lazard Asset Management LLC now owns 20,010,829 shares of the semiconductor company’s stock valued at $322,174,000 after purchasing an additional 1,997,888 shares during the last quarter. Morgan Stanley increased its position in shares of ASE Technology by 14.3% during the 4th quarter. Morgan Stanley now owns 10,607,588 shares of the semiconductor company’s stock valued at $170,782,000 after purchasing an additional 1,330,580 shares during the last quarter. Bank of America Corp DE increased its position in shares of ASE Technology by 9.6% during the 3rd quarter. Bank of America Corp DE now owns 9,661,484 shares of the semiconductor company’s stock valued at $107,146,000 after purchasing an additional 846,300 shares during the last quarter. UBS Group AG raised its holdings in ASE Technology by 11.4% during the 4th quarter. UBS Group AG now owns 9,038,322 shares of the semiconductor company’s stock valued at $145,517,000 after buying an additional 922,692 shares during the period. Finally, Rafferty Asset Management LLC raised its holdings in ASE Technology by 50.9% during the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock valued at $76,361,000 after buying an additional 2,491,918 shares during the period. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Price Performance

Shares of ASX stock opened at $40.63 on Friday. The company has a market capitalization of $90.33 billion, a P/E ratio of 59.74, a P/E/G ratio of 1.04 and a beta of 1.72. The company’s 50-day simple moving average is $33.72 and its two-hundred day simple moving average is $24.63. ASE Technology Holding Co., Ltd. has a one year low of $9.30 and a one year high of $41.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.32 billion. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. As a group, equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.82 EPS for the current year.

ASE Technology Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, August 7th. Shareholders of record on Monday, July 6th will be given a dividend of $0.4171 per share. This is a boost from ASE Technology’s previous annual dividend of $0.36. The ex-dividend date of this dividend is Monday, July 6th. This represents a yield of 111.0%. ASE Technology’s dividend payout ratio is presently 38.24%.

Analysts Set New Price Targets

Several research firms have commented on ASX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ASE Technology in a research note on Tuesday, June 9th. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Finally, Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

ASE Technology Profile

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.