Kathmere Capital Management LLC Purchases Shares of 21,081 ASE Technology Holding Co., Ltd. $ASX

Kathmere Capital Management LLC bought a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,081 shares of the semiconductor company’s stock, valued at approximately $457,000.

A number of other hedge funds also recently bought and sold shares of the business. Rafferty Asset Management LLC lifted its position in shares of ASE Technology by 50.9% during the second quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock worth $76,361,000 after purchasing an additional 2,491,918 shares during the last quarter. Schroder Investment Management Group raised its position in shares of ASE Technology by 38.4% in the 3rd quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock valued at $80,787,000 after purchasing an additional 2,012,970 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of ASE Technology by 11.1% in the 4th quarter. Lazard Asset Management LLC now owns 20,010,829 shares of the semiconductor company’s stock valued at $322,174,000 after acquiring an additional 1,997,888 shares during the period. Millennium Management LLC lifted its holdings in shares of ASE Technology by 130.8% during the third quarter. Millennium Management LLC now owns 3,169,267 shares of the semiconductor company’s stock worth $35,147,000 after purchasing an additional 1,796,357 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of ASE Technology by 18.8% in the 2nd quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock valued at $91,061,000 after acquiring an additional 1,397,206 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Down 8.5%

Shares of NYSE ASX opened at $39.63 on Wednesday. The business has a 50-day moving average price of $37.06 and a 200 day moving average price of $26.92. The stock has a market cap of $88.12 billion, a PE ratio of 58.28 and a beta of 1.69. ASE Technology Holding Co., Ltd. has a 52-week low of $9.30 and a 52-week high of $45.51. 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 announced its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.32 billion. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. Equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.84 earnings per share for the current year.

ASE Technology Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, August 7th. Investors of record on Monday, July 6th will be paid a $0.4171 dividend. This represents a yield of 96.0%. The ex-dividend date of this dividend is Monday, July 6th. This is an increase from ASE Technology’s previous annual dividend of $0.36. ASE Technology’s dividend payout ratio is currently 45.59%.

Analyst Upgrades and Downgrades

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

About ASE Technology

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.