QRG Capital Management Inc. Purchases 24,592 Shares of ASE Technology Holding Co., Ltd. $ASX

QRG Capital Management Inc. boosted its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 74.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,833 shares of the semiconductor company’s stock after purchasing an additional 24,592 shares during the quarter. QRG Capital Management Inc.’s holdings in ASE Technology were worth $1,254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in ASE Technology by 1.9% during the fourth quarter. Parallel Advisors LLC now owns 25,975 shares of the semiconductor company’s stock worth $418,000 after buying an additional 482 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in ASE Technology by 5.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,223 shares of the semiconductor company’s stock valued at $181,000 after purchasing an additional 589 shares during the last quarter. Vest Financial LLC boosted its holdings in ASE Technology by 5.2% in the 4th quarter. Vest Financial LLC now owns 12,954 shares of the semiconductor company’s stock worth $209,000 after buying an additional 637 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of ASE Technology by 0.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 120,598 shares of the semiconductor company’s stock worth $1,942,000 after acquiring an additional 643 shares during the period. Finally, Transamerica Financial Advisors LLC boosted its stake in ASE Technology by 24.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 3,435 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 683 shares during the period. 6.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on ASX shares. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of ASE Technology in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

ASE Technology Trading Down 8.5%

Shares of NYSE ASX opened at $39.63 on Wednesday. ASE Technology Holding Co., Ltd. has a 1 year low of $9.30 and a 1 year high of $45.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89. The stock has a market cap of $88.12 billion, a P/E ratio of 58.28 and a beta of 1.69. The firm has a 50-day moving average of $37.06 and a 200 day moving average of $26.92.

ASE Technology (NYSE:ASX) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.32 billion. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%. As a group, sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 0.84 EPS for the current fiscal year.

ASE Technology Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, August 7th. Stockholders of record on Monday, July 6th will be issued a dividend of $0.4171 per share. This represents a dividend yield of 96.0%. The ex-dividend date of this dividend is Monday, July 6th. This is a boost from ASE Technology’s previous annual dividend of $0.36. ASE Technology’s payout ratio is 45.59%.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.