Sequoia Financial Advisors LLC Sells 3,141 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Sequoia Financial Advisors LLC trimmed its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 3.2% during the first quarter, HoldingsChannel reports. The firm owned 96,469 shares of the semiconductor company’s stock after selling 3,141 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ASE Technology were worth $1,060,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in ASE Technology by 35.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,884,868 shares of the semiconductor company’s stock valued at $36,557,000 after acquiring an additional 1,009,795 shares in the last quarter. Moran Wealth Management LLC bought a new stake in ASE Technology in the 4th quarter valued at $5,345,000. BNP Paribas Financial Markets lifted its position in ASE Technology by 35.7% in the 4th quarter. BNP Paribas Financial Markets now owns 1,524,413 shares of the semiconductor company’s stock valued at $14,345,000 after acquiring an additional 400,746 shares in the last quarter. Rafferty Asset Management LLC lifted its position in ASE Technology by 8.8% in the 4th quarter. Rafferty Asset Management LLC now owns 3,884,522 shares of the semiconductor company’s stock valued at $36,553,000 after acquiring an additional 313,300 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new stake in ASE Technology in the 3rd quarter valued at $1,677,000. 6.80% of the stock is owned by institutional investors.

ASE Technology Stock Up 2.4 %

ASX stock traded up $0.27 during midday trading on Friday, hitting $11.50. The company’s stock had a trading volume of 3,927,893 shares, compared to its average volume of 4,920,363. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 0.92. ASE Technology Holding Co., Ltd. has a twelve month low of $7.20 and a twelve month high of $12.23. The company’s fifty day moving average price is $10.98 and its 200 day moving average price is $10.30. The stock has a market capitalization of $25.21 billion, a P/E ratio of 25.00, a PEG ratio of 0.63 and a beta of 1.21.

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

ASE Technology Cuts Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on ASX shares. StockNews.com raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Morgan Stanley cut shares of ASE Technology from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 25th.

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.