MW Advisory LLC Acquires Shares of 14,081 ASE Technology Holding Co., Ltd. $ASX

MW Advisory LLC bought a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,081 shares of the semiconductor company’s stock, valued at approximately $635,000.

Other large investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its position in shares of ASE Technology by 180,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,810 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 1,809 shares during the period. Bessemer Group Inc. boosted its holdings in ASE Technology by 135.4% in the 1st quarter. Bessemer Group Inc. now owns 1,438 shares of the semiconductor company’s stock worth $31,000 after buying an additional 827 shares during the period. UMB Bank n.a. bought a new position in ASE Technology in the 4th quarter worth approximately $32,000. Ancora Advisors LLC purchased a new position in ASE Technology in the 2nd quarter valued at approximately $33,000. Finally, SBI Securities Co. Ltd. grew its stake in ASE Technology by 256.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 1,795 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Trading Up 0.4%

NYSE ASX opened at $37.59 on Friday. The stock’s 50-day simple moving average is $38.59 and its two-hundred day simple moving average is $32.70. ASE Technology Holding Co., Ltd. has a twelve month low of $10.34 and a twelve month high of $45.51. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $84.02 billion, a price-to-earnings ratio of 43.71 and a beta of 1.71.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. The firm had revenue of $81.66 million for the quarter, compared to analyst estimates of $5.96 billion. ASE Technology had a return on equity of 16.12% and a net margin of 8.52%. Research analysts forecast that ASE Technology Holding Co., Ltd. will post 1.21 EPS for the current fiscal year.

ASE Technology Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, August 7th. Shareholders of record on Monday, July 6th were given a $0.4171 dividend. The ex-dividend date was Monday, July 6th. This is a positive change from ASE Technology’s previous annual dividend of $0.36. This represents a dividend yield of 96.0%. ASE Technology’s dividend payout ratio is presently 34.88%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Weiss Ratings upgraded ASE Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Zacks Research cut ASE Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.