ASE Technology (NYSE:ASX) Releases Quarterly Earnings Results, Hits Expectations

ASE Technology (NYSE:ASX) released its quarterly earnings results on Thursday. The semiconductor company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11, Zacks reports. The business had revenue of $4.33 billion for the quarter. ASE Technology had a net margin of 5.38% and a return on equity of 9.88%. During the same quarter in the prior year, the company earned $0.12 earnings per share.

ASE Technology Stock Performance

ASE Technology stock opened at $10.34 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.37. ASE Technology has a 1 year low of $7.20 and a 1 year high of $12.86. The company has a market cap of $22.67 billion, a PE ratio of 22.48, a PEG ratio of 0.71 and a beta of 1.21. The company’s 50-day moving average is $11.29 and its two-hundred day moving average is $10.54.

ASE Technology Cuts Dividend

The firm 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 is Tuesday, July 2nd. This represents a yield of 2.2%. ASE Technology’s payout ratio is presently 50.00%.

Analysts Set New Price Targets

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

About ASE Technology

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.