25,000 Shares in ASE Technology Holding Co., Ltd. $ASX Acquired by Leonteq Securities AG

Leonteq Securities AG bought a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,000 shares of the semiconductor company’s stock, valued at approximately $542,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Rafferty Asset Management LLC increased its holdings in shares of ASE Technology by 50.9% in the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock valued at $76,361,000 after acquiring an additional 2,491,918 shares during the period. Schroder Investment Management Group lifted its stake in shares of ASE Technology by 38.4% during the 3rd quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock worth $80,787,000 after purchasing an additional 2,012,970 shares during the last quarter. Lazard Asset Management LLC boosted its position in ASE Technology by 11.1% during the fourth quarter. Lazard Asset Management LLC now owns 20,010,829 shares of the semiconductor company’s stock valued at $322,174,000 after purchasing an additional 1,997,888 shares in the last quarter. Millennium Management LLC boosted its position in ASE Technology by 130.8% during the third quarter. Millennium Management LLC now owns 3,169,267 shares of the semiconductor company’s stock valued at $35,147,000 after purchasing an additional 1,796,357 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in ASE Technology by 18.8% in the second quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock valued at $91,061,000 after purchasing an additional 1,397,206 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ASX. Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Weiss Ratings restated a “hold (c+)” rating on shares of ASE Technology in a report on Tuesday, June 9th. Finally, Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

ASE Technology Stock Up 0.2%

Shares of ASX stock opened at $41.95 on Friday. ASE Technology Holding Co., Ltd. has a fifty-two week low of $9.30 and a fifty-two week high of $45.52. The firm has a market capitalization of $93.28 billion, a PE ratio of 61.69 and a beta of 1.69. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.15. The stock’s 50-day simple moving average is $36.64 and its 200-day simple moving average is $26.47.

ASE Technology (NYSE:ASX) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.32 billion. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%. Equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.84 earnings per share for the current year.

ASE Technology Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, August 7th. Shareholders of record on Monday, July 6th will be paid a dividend of $0.4171 per share. This represents a yield of 111.0%. The ex-dividend date is Monday, July 6th. This is a positive change from ASE Technology’s previous annual dividend of $0.36. ASE Technology’s dividend payout ratio (DPR) is presently 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.