Hsbc Holdings PLC Raises Holdings in ASE Technology Holding Co., Ltd. $ASX

Hsbc Holdings PLC boosted its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,873,784 shares of the semiconductor company’s stock after acquiring an additional 276,926 shares during the quarter. Hsbc Holdings PLC’s holdings in ASE Technology were worth $30,147,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ASX. Nisa Investment Advisors LLC acquired a new position in shares of ASE Technology in the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of ASE Technology by 180,900.0% during the 4th 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 acquired a new stake in shares of ASE Technology during the 4th quarter worth about $32,000. UMB Bank n.a. acquired a new stake in shares of ASE Technology during the 4th quarter worth about $32,000. Finally, SBI Securities Co. Ltd. raised its holdings in ASE Technology by 256.4% in the 4th 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 Ratings Changes

ASX has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ASE Technology in a research note on Tuesday, June 9th. One equities research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

ASE Technology Stock Up 3.4%

NYSE:ASX opened at $43.28 on Tuesday. ASE Technology Holding Co., Ltd. has a 52 week low of $9.30 and a 52 week high of $45.51. The stock’s fifty day moving average is $36.91 and its two-hundred day moving average is $26.75. The stock has a market capitalization of $96.23 billion, a price-to-earnings ratio of 63.65 and a beta of 1.69. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.53.

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

ASE Technology Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, August 7th. Stockholders of record on Monday, July 6th will be given a dividend of $0.4171 per share. This is a boost from ASE Technology’s previous annual dividend of $0.36. This represents a dividend yield of 96.0%. The ex-dividend date of this dividend is Monday, July 6th. ASE Technology’s dividend 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.