ASE Technology (NYSE:ASX) Shares Gap Up to $11.23

Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) gapped up prior to trading on Friday . The stock had previously closed at $11.23, but opened at $11.53. ASE Technology shares last traded at $11.35, with a volume of 764,318 shares trading hands.

Analysts Set New Price Targets

ASX has been the subject of a number of research reports. StockNews.com upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Morgan Stanley downgraded shares of ASE Technology from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 25th.

ASE Technology Stock Up 2.2 %

The business’s 50 day moving average is $10.95 and its 200-day moving average is $10.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 0.92. The company has a market cap of $25.17 billion, a PE ratio of 24.41, a P/E/G ratio of 0.63 and a beta of 1.21.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $0.08 earnings per share 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 period in the previous year, the company earned $0.09 EPS. As a group, analysts predict that ASE Technology Holding Co., Ltd. will post 0.62 EPS for the current year.

ASE Technology Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 2nd will be given a dividend of $0.3209 per share. The ex-dividend date is Tuesday, July 2nd. This represents a dividend yield of 2.2%. ASE Technology’s dividend payout ratio is presently 50.00%.

Institutional Trading of ASE Technology

Several institutional investors have recently modified their holdings of ASX. Bleakley Financial Group LLC increased its stake in ASE Technology by 4.5% in the 4th quarter. Bleakley Financial Group LLC now owns 31,170 shares of the semiconductor company’s stock valued at $293,000 after buying an additional 1,353 shares during the period. Simplicity Solutions LLC increased its stake in ASE Technology by 4.5% in the 4th quarter. Simplicity Solutions LLC now owns 31,170 shares of the semiconductor company’s stock valued at $293,000 after buying an additional 1,353 shares during the period. Claro Advisors LLC increased its stake in ASE Technology by 4.2% in the 1st quarter. Claro Advisors LLC now owns 37,798 shares of the semiconductor company’s stock valued at $415,000 after buying an additional 1,529 shares during the period. Caprock Group LLC increased its stake in ASE Technology by 2.9% in the 4th quarter. Caprock Group LLC now owns 57,308 shares of the semiconductor company’s stock valued at $539,000 after buying an additional 1,615 shares during the period. Finally, Atomi Financial Group Inc. increased its stake in ASE Technology by 4.7% in the 1st quarter. Atomi Financial Group Inc. now owns 37,579 shares of the semiconductor company’s stock valued at $413,000 after buying an additional 1,701 shares during the period. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Company 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.