Allspring Global Investments Holdings LLC reduced its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX – free report) by 26.2% during the first quarter, according to its latest filing with the SEC. The institutional investor sold 5,314 shares during the period to hold 14,977 shares of the semiconductor company’s stock. Allspring Global Investments Holdings LLC’s holdings in ASE Technology were worth $165,000 at the end of the latest reporting period.
Other institutional investors and hedge funds also modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings of ASE Technology shares by 35.1% in the fourth quarter. The firm 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 in the last quarter. Lafferty Asset Management LLC increased its holdings of ASE Technology shares by 8.8% in the fourth quarter. Lafferty Asset Management LLC now owns 3,884,522 shares of the semiconductor company’s stock, valued at $36,553,000, after acquiring an additional 313,300 shares in the last quarter. BNP Paribas Financial Markets increased its holdings of ASE Technology shares by 35.7% in the fourth quarter. BNP Paribas Financial Markets now owns 1,524,413 shares of the semiconductor company’s stock valued at $14,345,000 after acquiring an additional 400,746 shares during the last quarter. American Century Companies increased its holdings in ASE Technology by 8.0% during the third quarter. American Century Companies now owns 1,518,089 shares of the semiconductor company’s stock valued at $11,416,000 after acquiring an additional 112,814 shares during the last quarter. Finally, LSV Asset Management increased its holdings in ASE Technology by 4.9% during the fourth quarter. LSV Asset Management now owns 1,178,477 shares of the semiconductor company’s stock valued at $11,089,000 after acquiring an additional 55,100 shares during the last quarter. Currently, 6.80% of the stock is owned by hedge funds and other institutional investors.
Analyst Rating Changes
Several equity analysts have recently commented on the ASX stock. StockNews.com raised shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Morgan Stanley downgraded shares of ASE Technology from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 25th.
View the latest reports on the ASX
ASE Technology shares up 2.5%
The ASX share opened at $12.50 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.37. ASE Technology Holdings Ltd.’s one year low is $7.20 and high is $12.86. The company’s 50 day simple moving average is $11.14 and 200 day simple moving average is $10.38. The company has a market capitalization of $27.4 billion, a PE ratio of 27.17, a PEG ratio of 0.66 and a beta of 1.21.
ASE Technology (NYSE:ASX – Get free report ) last released its quarterly earnings data on Thursday, April 25th. The semiconductor company reported quarterly earnings per share (EPS) of $0.08, missing the consensus estimate of $0.10 by ($0.02). Revenues for the quarter were $4.24 billion. ASE Technology had net margins of 5.41% and return on equity of 10.09%, compared to earnings per share of $0.09 in the same quarter last year. Sell-side analysts expect that ASE Technology Holdings will report 0.62 EPS for the current fiscal year.
ASE Technology cuts dividend
The company also recently declared its annual dividend, which is scheduled to be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 2nd will be paid a dividend of $0.3209 per share, which represents a yield of 2.2%. The ex-dividend date is Tuesday, July 2nd. ASE Technology has a dividend payout ratio of 50.00%.
About ASE Technology
(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.
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