ASE Technology Holding Co., Ltd. $ASX Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 7.5% during the first quarter, Holdings Channel.com reports. The firm owned 2,014,412 shares of the semiconductor company’s stock after buying an additional 140,628 shares during the period. Hsbc Holdings PLC’s holdings in ASE Technology were worth $43,654,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ASX. Nisa Investment Advisors LLC purchased a new stake in shares of ASE Technology during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd boosted its position in ASE Technology by 180,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,810 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 1,809 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in ASE Technology during the fourth quarter worth approximately $32,000. UMB Bank n.a. purchased a new stake in ASE Technology in the 4th quarter worth approximately $32,000. Finally, SBI Securities Co. Ltd. raised its holdings in ASE Technology by 256.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 1,795 shares during the last quarter. 6.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on ASX shares. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of ASE Technology in a research note on Tuesday, June 9th. One equities 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

ASE Technology Stock Performance

NYSE:ASX opened at $36.99 on Tuesday. The company has a market cap of $82.24 billion, a P/E ratio of 54.39 and a beta of 1.69. The firm’s 50 day moving average is $38.44 and its two-hundred day moving average is $28.49. ASE Technology Holding Co., Ltd. has a fifty-two week low of $9.30 and a fifty-two week high of $45.51. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.53.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Analysts expect that ASE Technology Holding Co., Ltd. will post 0.84 EPS for the current year.

ASE Technology Increases Dividend

The company also recently declared 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 represents a yield of 96.0%. 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. ASE Technology’s dividend payout ratio (DPR) is presently 45.59%.

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.