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

Hsbc Holdings PLC increased its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 17.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,873,784 shares of the semiconductor company’s stock after acquiring an additional 276,926 shares during the quarter. Hsbc Holdings PLC owned about 0.08% of ASE Technology worth $30,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Rafferty Asset Management LLC grew its holdings in ASE Technology by 50.9% in 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 period. Schroder Investment Management Group lifted its holdings in shares of ASE Technology by 38.4% during the third 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 lifted its holdings in shares of ASE Technology by 11.1% during the fourth quarter. Lazard Asset Management LLC now owns 20,010,829 shares of the semiconductor company’s stock valued at $322,174,000 after purchasing an additional 1,997,888 shares during the last quarter. Millennium Management LLC boosted its position in shares of ASE Technology by 130.8% in the 3rd 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 in the last quarter. Finally, Bank of America Corp DE boosted its position 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 worth $91,061,000 after purchasing an additional 1,397,206 shares in the last quarter. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Price Performance

Shares of NYSE ASX opened at $41.21 on Thursday. The company has a 50 day moving average of $34.69 and a 200 day moving average of $25.25. 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 Holding Co., Ltd. has a twelve month low of $9.30 and a twelve month high of $44.47. The firm has a market cap of $91.63 billion, a P/E ratio of 60.60, a PEG ratio of 1.02 and a beta of 1.72.

ASE Technology (NYSE:ASX) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.32 billion. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%. As a group, research analysts expect that ASE Technology Holding Co., Ltd. will post 0.82 EPS for the current fiscal year.

ASE Technology Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, August 7th. Shareholders of record on Monday, July 6th will be given a $0.4171 dividend. This is a positive change from ASE Technology’s previous annual dividend of $0.36. The ex-dividend date of this dividend is Monday, July 6th. This represents a yield of 111.0%. ASE Technology’s payout ratio is presently 38.24%.

Analyst Upgrades and Downgrades

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