Delphi Management Inc. MA Sells 39,641 Shares of ASE Technology Holding Co., Ltd. $ASX

Delphi Management Inc. MA cut its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 40.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,888 shares of the semiconductor company’s stock after selling 39,641 shares during the period. ASE Technology accounts for approximately 1.5% of Delphi Management Inc. MA’s portfolio, making the stock its 12th largest position. Delphi Management Inc. MA’s holdings in ASE Technology were worth $1,277,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new position in shares of ASE Technology in the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its stake in 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 worth $29,000 after purchasing an additional 1,809 shares during the period. Eagle Bay Advisors LLC purchased a new stake in ASE Technology in the fourth quarter worth $32,000. UMB Bank n.a. bought a new position in ASE Technology in the fourth quarter worth $32,000. Finally, SBI Securities Co. Ltd. lifted its position in ASE Technology by 256.4% during the fourth 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 during the period. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ASX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ASE Technology in a research report on Tuesday, June 9th. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Finally, Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

ASE Technology Price Performance

Shares of NYSE:ASX opened at $41.21 on Thursday. The business has a fifty day moving average price of $34.69 and a 200-day moving average price of $25.25. 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 company has a market capitalization of $91.63 billion, a PE ratio of 60.60, a PEG ratio of 1.02 and a beta of 1.72. ASE Technology Holding Co., Ltd. has a 1-year low of $9.30 and a 1-year high of $44.47.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.32 billion. As a group, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.82 EPS for the current fiscal year.

ASE Technology Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, August 7th. Stockholders of record on Monday, July 6th will be paid a $0.4171 dividend. This is a boost from ASE Technology’s previous annual dividend of $0.36. This represents a dividend yield of 111.0%. The ex-dividend date is Monday, July 6th. ASE Technology’s payout ratio is currently 38.24%.

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.