60,471 Shares in ASE Technology Holding Co., Ltd. $ASX Acquired by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft bought a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,471 shares of the semiconductor company’s stock, valued at approximately $1,308,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ASX. Nisa Investment Advisors LLC bought a new position in ASE Technology in the fourth quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd grew its position 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 valued at $29,000 after acquiring an additional 1,809 shares during the period. Bessemer Group Inc. grew its position in shares of ASE Technology by 135.4% during the 1st quarter. Bessemer Group Inc. now owns 1,438 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 827 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of ASE Technology in the 4th quarter worth $32,000. Finally, UMB Bank n.a. purchased a new stake in shares of ASE Technology in the 4th quarter worth $32,000. 6.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ASX has been the topic of a number of recent research reports. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings restated a “hold (c+)” rating on shares of ASE Technology in a research report on Tuesday, June 9th. Finally, Zacks Research upgraded ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One 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 MarketBeat.com, ASE Technology currently has an average rating of “Buy”.

ASE Technology Price Performance

ASX stock opened at $36.99 on Tuesday. ASE Technology Holding Co., Ltd. has a one year low of $9.30 and a one year high of $45.51. The company’s fifty day moving average price is $38.44 and its 200-day moving average price is $28.49. 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 company has a market capitalization of $82.24 billion, a PE ratio of 54.39 and a beta of 1.69.

ASE Technology (NYSE:ASX) last issued its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share 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 analyst estimates of $5.32 billion. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. On average, equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.84 EPS for the current fiscal year.

ASE Technology Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, August 7th. Shareholders of record on Monday, July 6th will be issued a dividend of $0.4171 per share. 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. This represents a dividend yield of 96.0%. ASE Technology’s payout ratio is currently 45.59%.

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.