LSV Asset Management reduced its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX – free report) by 25.8% during the first quarter, according to its latest Form 13F filing with the SEC. The firm now holds 874,677 shares of the semiconductor company’s stock after selling 303,800 shares during the period. LSV Asset Management’s holdings in ASE Technology were valued at $9,613,000, according to the latest SEC filing.
Other large investors have also recently added or reduced shares on the ASX. American Century Companies Inc. increased its stake in ASE Technology by 8.0% in the third quarter. American Century Companies Inc. now owns 1,518,089 shares of the semiconductor company’s stock, valued at $11,416,000, after purchasing an additional 112,814 shares during the period. Curated Wealth Partners LLC increased its stake in ASE Technology by 17.9% in the fourth quarter. Curated Wealth Partners LLC now owns 21,315 shares of the semiconductor company’s stock, valued at $201,000, after purchasing an additional 3,234 shares during the fourth quarter. Dfpg Investments LLC increased its stake in ASE Technology by 11.7% in the fourth quarter. Dfpg Investments LLC now owns 67,125 shares of the semiconductor company’s stock valued at $577,000 after purchasing an additional 7,025 shares in the last quarter. Raymond James & Associates increased its holdings in ASE Technology by 6.2% in the fourth quarter. Raymond James & Associates now owns 62,627 shares of the semiconductor company’s stock valued at $589,000 after purchasing an additional 3,675 shares in the last quarter. Finally, Aprio Wealth Management LLC increased its holdings in ASE Technology by 29.0% in the fourth quarter. Aprio Wealth Management LLC now owns 29,850 shares of the semiconductor company’s stock valued at $281,000 after purchasing an additional 6,707 shares in the last quarter. Institutional investors hold 6.80% of the company’s shares.
Wall Street analysts predict growth
A number of equity research analysts have offered their opinions on the ASX stock. StockNews.com raised ASE Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Morgan Stanley downgraded ASE Technology from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 25th.
Get the latest analysis on the ASX
ASE Technology shares fell 4.8%
It opened at $11.90 on the ASX on Friday. The company’s market capitalization is $26.09 billion, its P/E ratio is 25.87, its P/E/G ratio is 0.70 and its beta is 1.21. The company’s 50-day moving average price is $11.17 and its 200-day moving average price is $10.41. The company’s current ratio is 1.19, quick ratio is 0.92 and debt-to-equity ratio is 0.37. ASE Technology Holdings Inc.’s 12-month low is $7.20 and 12-month high is $12.86.
ASE Technology (NYSE:ASX – Get free report ) last released its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $4.24 billion for the quarter. ASE Technology had an ROE of 10.09% and a net margin of 5.41%. Year-ago EPS was $0.09. On average, stock analysts expect that ASE Technology Holding Co., Ltd. will post EPS of $0.62 for the current year.
ASE Technology cuts dividend
The company also recently declared a yearly 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. The ex-dividend date for this dividend is Tuesday, July 2nd. This equates to a dividend yield of 2.2%. ASE Technology’s dividend payout ratio is currently 50.00%.
ASE Technology Profile
(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.
References
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