ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Sold by Sivia Capital Partners LLC

Sivia Capital Partners LLC lowered its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,005 shares of the semiconductor company’s stock after selling 1,449 shares during the quarter. Sivia Capital Partners LLC’s holdings in ASE Technology were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in shares of ASE Technology by 35.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,884,868 shares of the semiconductor company’s stock worth $36,557,000 after acquiring an additional 1,009,795 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of ASE Technology by 287.8% during the third quarter. Qube Research & Technologies Ltd now owns 830,349 shares of the semiconductor company’s stock worth $6,244,000 after acquiring an additional 616,250 shares during the last quarter. Moran Wealth Management LLC purchased a new position in shares of ASE Technology during the fourth quarter worth approximately $5,345,000. BNP Paribas Financial Markets grew its position in shares of ASE Technology by 35.7% during the fourth quarter. BNP Paribas Financial Markets now owns 1,524,413 shares of the semiconductor company’s stock worth $14,345,000 after acquiring an additional 400,746 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its position in shares of ASE Technology by 8.8% during the fourth quarter. Rafferty Asset Management LLC now owns 3,884,522 shares of the semiconductor company’s stock worth $36,553,000 after acquiring an additional 313,300 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ASX. StockNews.com upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Morgan Stanley lowered shares of ASE Technology from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 25th.

ASE Technology Stock Performance

NYSE:ASX traded up $0.14 during midday trading on Wednesday, reaching $11.16. The stock had a trading volume of 1,508,007 shares, compared to its average volume of 5,817,596. The firm has a fifty day simple moving average of $10.91 and a two-hundred day simple moving average of $10.27. ASE Technology Holding Co., Ltd. has a 12-month low of $7.20 and a 12-month high of $12.23. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.37. The stock has a market cap of $24.47 billion, a P/E ratio of 24.01, a P/E/G ratio of 0.64 and a beta of 1.21.

ASE Technology (NYSE:ASX) last issued its earnings results on Thursday, April 25th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $4.24 billion for the quarter. ASE Technology had a return on equity of 10.09% and a net margin of 5.41%. During the same quarter in the prior year, the firm earned $0.09 EPS. On average, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.62 EPS for the current year.

ASE Technology Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.3209 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a dividend yield of 2.2%. ASE Technology’s payout ratio is currently 91.31%.

ASE Technology Profile

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.