ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC increased its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 89.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,861,612 shares of the semiconductor company’s stock after buying an additional 4,664,258 shares during the period. Acadian Asset Management LLC owned about 0.45% of ASE Technology worth $108,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ASX. American Century Companies Inc. increased its stake in shares of ASE Technology by 8.0% in the 3rd quarter. American Century Companies Inc. now owns 1,518,089 shares of the semiconductor company’s stock worth $11,416,000 after acquiring an additional 112,814 shares during the last quarter. Dfpg Investments LLC increased its position in shares of ASE Technology by 11.7% during the 4th quarter. Dfpg Investments LLC now owns 67,125 shares of the semiconductor company’s stock worth $577,000 after purchasing an additional 7,025 shares during the last quarter. Raymond James & Associates increased its position in shares of ASE Technology by 6.2% during the 4th quarter. Raymond James & Associates now owns 62,627 shares of the semiconductor company’s stock worth $589,000 after purchasing an additional 3,675 shares during the last quarter. Aprio Wealth Management LLC increased its position in shares of ASE Technology by 29.0% during the 4th quarter. Aprio Wealth Management LLC now owns 29,850 shares of the semiconductor company’s stock worth $281,000 after purchasing an additional 6,707 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in shares of ASE Technology by 59.0% during the 4th quarter. Ritholtz Wealth Management now owns 169,247 shares of the semiconductor company’s stock worth $1,593,000 after purchasing an additional 62,790 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ASX. Morgan Stanley downgraded ASE Technology from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 25th. StockNews.com upgraded ASE Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th.

ASE Technology Trading Down 2.6 %

NYSE:ASX traded down $0.29 during mid-day trading on Friday, reaching $11.02. The company’s stock had a trading volume of 8,424,445 shares, compared to its average volume of 6,619,800. The company’s fifty day simple moving average is $11.27 and its two-hundred day simple moving average is $10.49. 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 $12.86. The stock has a market cap of $24.16 billion, a P/E ratio of 23.96, a P/E/G ratio of 0.62 and a beta of 1.21.

ASE Technology (NYSE:ASX) last announced 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). ASE Technology had a net margin of 5.41% and a return on equity of 10.09%. The company had revenue of $4.24 billion for the quarter. During the same quarter in the prior year, the firm posted $0.09 EPS. On average, equities 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. Investors 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 dividend payout ratio is currently 50.00%.

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.