Keybank National Association OH Invests $357,000 in ASE Technology Holding Co., Ltd. $ASX

Keybank National Association OH acquired a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,476 shares of the semiconductor company’s stock, valued at approximately $357,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASX. Nisa Investment Advisors LLC purchased a new position in ASE Technology during the fourth quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings in ASE Technology by 180,900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,810 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 1,809 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of ASE Technology in the 4th quarter worth $32,000. UMB Bank n.a. acquired a new stake in shares of ASE Technology in the 4th quarter worth $32,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of ASE Technology by 256.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 1,795 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Trading Down 1.2%

Shares of ASE Technology stock opened at $42.73 on Friday. The stock has a 50 day moving average of $37.75 and a 200 day moving average of $27.41. 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 firm has a market capitalization of $95.01 billion, a price-to-earnings ratio of 62.84 and a beta of 1.69. ASE Technology Holding Co., Ltd. has a fifty-two week low of $9.30 and a fifty-two week high of $45.51.

ASE Technology (NYSE:ASX) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%.The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.32 billion. As a group, research analysts predict 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. Investors of record on Monday, July 6th will be given a dividend of $0.4171 per share. This represents a dividend yield of 96.0%. The ex-dividend date of this dividend 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 is 45.59%.

Analysts Set New Price Targets

Several research analysts have recently weighed in 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. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of ASE Technology in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to 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.