Collaborative Fund Advisors LLC Makes New Investment in ASE Technology Holding Co., Ltd. $ASX

Collaborative Fund Advisors LLC purchased a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 1st quarter, Holdings Channel reports. The firm purchased 13,794 shares of the semiconductor company’s stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Parallel Advisors LLC lifted its position in shares of ASE Technology by 1.9% in the fourth quarter. Parallel Advisors LLC now owns 25,975 shares of the semiconductor company’s stock worth $418,000 after purchasing an additional 482 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in ASE Technology by 5.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,223 shares of the semiconductor company’s stock worth $181,000 after purchasing an additional 589 shares during the last quarter. Vest Financial LLC grew its position in ASE Technology by 5.2% in the fourth quarter. Vest Financial LLC now owns 12,954 shares of the semiconductor company’s stock valued at $209,000 after purchasing an additional 637 shares in the last quarter. PNC Financial Services Group Inc. grew its position in ASE Technology by 0.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 120,598 shares of the semiconductor company’s stock valued at $1,942,000 after purchasing an additional 643 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake in ASE Technology by 24.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 3,435 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 683 shares during the last quarter. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Stock Up 3.4%

ASE Technology stock opened at $43.28 on Tuesday. The firm has a market capitalization of $96.23 billion, a PE ratio of 63.65 and a beta of 1.69. The company’s 50-day moving average is $36.91 and its 200-day moving average is $26.75. ASE Technology Holding Co., Ltd. has a fifty-two week low of $9.30 and a fifty-two week high of $45.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89.

ASE Technology (NYSE:ASX) last issued its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating 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. Sell-side analysts anticipate 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 declared an annual dividend, which will be paid on Friday, August 7th. Shareholders of record on Monday, July 6th will be given a dividend of $0.4171 per share. This represents a yield of 96.0%. This is a boost from ASE Technology’s previous annual dividend of $0.36. The ex-dividend date of this dividend is Monday, July 6th. ASE Technology’s dividend payout ratio (DPR) is presently 38.24%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research 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 ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. One investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

ASE Technology 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.