Blue Trust Inc. Grows Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Blue Trust Inc. grew its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 96.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,841 shares of the semiconductor company’s stock after buying an additional 42,254 shares during the period. Blue Trust Inc.’s holdings in ASE Technology were worth $943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of ASX. Lazard Asset Management LLC grew its holdings in shares of ASE Technology by 2.8% in the first quarter. Lazard Asset Management LLC now owns 21,308,753 shares of the semiconductor company’s stock valued at $234,182,000 after purchasing an additional 584,333 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of ASE Technology by 89.7% in the 1st quarter. Acadian Asset Management LLC now owns 9,861,612 shares of the semiconductor company’s stock worth $108,364,000 after buying an additional 4,664,258 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of 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 during the last quarter. Rafferty Asset Management LLC increased its stake in 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. Finally, BNP Paribas Financial Markets raised its position in ASE Technology by 3.3% during the first quarter. BNP Paribas Financial Markets now owns 1,575,343 shares of the semiconductor company’s stock valued at $17,313,000 after purchasing an additional 50,930 shares during the period. 6.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ASX has been the topic of several analyst reports. 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 shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Thursday.

ASE Technology Trading Down 0.6 %

Shares of ASX traded down $0.06 during mid-day trading on Friday, reaching $9.95. 7,541,561 shares of the company’s stock traded hands, compared to its average volume of 6,646,443. ASE Technology Holding Co., Ltd. has a 12 month low of $7.20 and a 12 month high of $12.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.17 and a quick ratio of 0.90. The stock has a market cap of $21.81 billion, a P/E ratio of 21.63, a P/E/G ratio of 0.63 and a beta of 1.21. The stock’s 50-day moving average is $10.83 and its two-hundred day moving average is $10.58.

ASE Technology (NYSE:ASX) last released its earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $4.33 billion for the quarter. ASE Technology had a return on equity of 9.90% and a net margin of 5.38%. During the same quarter in the previous year, the business earned $0.12 EPS. Research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.51 earnings per share for the current fiscal year.

ASE Technology Cuts Dividend

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

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.