MW Advisory LLC Acquires Shares of 14,081 ASE Technology Holding Co., Ltd. $ASX

MW Advisory LLC acquired a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,081 shares of the semiconductor company’s stock, valued at approximately $635,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 valued at $29,000 after purchasing an additional 1,809 shares in the last quarter. Bessemer Group Inc. increased its stake in ASE Technology by 135.4% in the 1st quarter. Bessemer Group Inc. now owns 1,438 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 827 shares during the last quarter. UMB Bank n.a. purchased a new stake in ASE Technology in the 4th quarter valued at about $32,000. Ancora Advisors LLC bought a new position in shares of ASE Technology during the 2nd quarter worth approximately $33,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of ASE Technology by 256.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock worth $40,000 after buying an additional 1,795 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Performance

Shares of ASX stock opened at $37.59 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.81 and a current ratio of 1.07. The firm has a market cap of $84.02 billion, a price-to-earnings ratio of 43.71 and a beta of 1.71. ASE Technology Holding Co., Ltd. has a 52 week low of $10.34 and a 52 week high of $45.51. The firm’s 50-day simple moving average is $38.59 and its two-hundred day simple moving average is $32.70.

ASE Technology (NYSE:ASX) last released its earnings results on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The firm had revenue of $81.66 million during the quarter, compared to the consensus estimate of $5.96 billion. ASE Technology had a net margin of 8.52% and a return on equity of 16.12%. As a group, equities analysts forecast that ASE Technology Holding Co., Ltd. will post 1.21 earnings per share for the current year.

ASE Technology Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, August 7th. Shareholders of record on Monday, July 6th were given a $0.4171 dividend. This is an increase from ASE Technology’s previous annual dividend of $0.36. This represents a yield of 96.0%. The ex-dividend date of this dividend was Monday, July 6th. ASE Technology’s dividend payout ratio (DPR) is 34.88%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ASX. Zacks Research lowered ASE Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Weiss Ratings raised ASE Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

ASE Technology Company 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.