Apollon Wealth Management LLC Makes New Investment in ASE Technology Holding Co., Ltd. $ASX

Apollon Wealth Management LLC purchased a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 12,689 shares of the semiconductor company’s stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nisa Investment Advisors LLC purchased a new stake in ASE Technology during the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd boosted its position 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 during the period. Eagle Bay Advisors LLC purchased a new position in ASE Technology in the 4th quarter valued at approximately $32,000. UMB Bank n.a. acquired a new position in shares of ASE Technology in the fourth quarter worth $32,000. Finally, SBI Securities Co. Ltd. grew its stake in shares of ASE Technology by 256.4% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ASX. Weiss Ratings reiterated a “hold (c+)” rating on shares of ASE Technology in a research note on Tuesday, June 9th. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Finally, Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One research 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 company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

ASE Technology Stock Performance

Shares of ASX stock opened at $43.28 on Tuesday. The company has a market cap of $96.23 billion, a P/E ratio of 63.65 and a beta of 1.69. The firm has a fifty day moving average price of $36.91 and a 200 day moving average price of $26.75. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. ASE Technology Holding Co., Ltd. has a 12 month low of $9.30 and a 12 month high of $45.51.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.32 billion. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%. Sell-side analysts predict that ASE Technology Holding Co., Ltd. will post 0.84 earnings per share for the current fiscal year.

ASE Technology Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, August 7th. Stockholders of record on Monday, July 6th will be issued a $0.4171 dividend. This represents a dividend yield of 96.0%. The ex-dividend date is Monday, July 6th. This is an increase from ASE Technology’s previous annual dividend of $0.36. ASE Technology’s dividend payout ratio (DPR) is currently 38.24%.

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.