ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Free Report) shares surged in pre-market trading on Friday. The stock opened at $11.53 after previously closing at $11.23. ASE Technology shares last traded at $11.35, with trading volume of 764,318 shares.
Wall Street analysts predict growth
The ASX has been the topic of a number of analyst reports recently. Morgan Stanley downgraded ASE Technology from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 25th. StockNews.com raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th.
View the latest research reports on the ASX
ASE Technology shares rose 2.4%
The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 0.92. The company has a market capitalization of $25.21 billion, a P/E ratio of 25.00, a price-to-earnings growth ratio of 0.63 and a beta of 1.21. The company’s 50-day moving average price is $10.98 and its 200-day moving average price is $10.30.
ASE Technology (NYSE:ASX – Get free report ) announced its latest earnings results on Thursday, April 25th. The semiconductor company reported quarterly earnings per share (EPS) of $0.08, missing analysts’ consensus estimates of $0.10 by ($0.02). ASE Technology had net margins of 5.41% and return on equity of 10.09%. Revenues for the quarter were $4.24 billion. Year-ago earnings per share were $0.09. Analysts on average are expecting ASE Technology Holdings Inc. to post earnings per share of $0.62 for the current year.
ASE Technology cuts dividend
The company also recently declared its annual dividend, which will be paid on Friday, August 2. Shareholders of record on Tuesday, July 2nd will be paid a dividend of $0.3209, which represents a yield of 2.2%. The ex-dividend date is Tuesday, July 2nd. ASE Technology’s dividend payout ratio (DPR) is currently 50.00%.
Institutional investor inflows and outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Seven Eight Capital LP bought a new stake in ASE Technology shares worth about $701,000 in the third quarter. Pensera Capital Management LLC increased its stake in ASE Technology by 151.3% in the third quarter. Pensera Capital Management LLC now owns 113,654 shares of the semiconductor company’s stock valued at $854,000 after acquiring an additional 68,430 shares during the period. Graham Capital Management LP bought a new stake in ASE Technology shares worth about $1,677,000 in the third quarter. American Century Companies increased its stake in ASE Technology shares by 8.0% in the third quarter. American Century Companies Inc. now holds 1,518,089 shares of the semiconductor company’s stock, valued at $11,416,000, after acquiring an additional 112,814 shares during the period. Finally, Curated Wealth Partners Inc. increased its holdings in ASE Technology Inc. by 17.9% during the fourth quarter. Curated Wealth Partners Inc. now holds 21,315 shares of the semiconductor company’s stock, valued at $201,000, after acquiring an additional 3,234 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.
About ASE Technology
(Get your free report)
ASE Technology Holding Co., Ltd., together with its subsidiaries, provides semiconductor packaging and testing, and electronics manufacturing services in the United States, Taiwan, Asia, Europe and internationally. It is engaged in the development, construction, sale, leasing and management of real estate, manufacturing of circuit boards, information software, equipment leasing, investment advisory, provision of warehousing services, management of commercial facilities, after-sales service, support services and parking services, processing and sale of computer and communication peripherals, electronic components, communication equipment and motherboards, as well as the import and export of goods and technologies.
read more
Get ASE Technology Daily news and reviews –Enter your email address below to receive a concise summary of the latest news and analyst ratings on ASE Technology and related companies every day with MarketBeat.com’s free email newsletter.
