Ritholtz Wealth Management Increases Stock Position in ASE Technology Holding Co., Ltd. $ASX

Ritholtz Wealth Management increased its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 58.6% during the 1st quarter, HoldingsChannel reports. The firm owned 68,142 shares of the semiconductor company’s stock after buying an additional 25,189 shares during the period. Ritholtz Wealth Management’s holdings in ASE Technology were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new stake in ASE Technology during the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 worth $29,000 after buying an additional 1,809 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of ASE Technology in the fourth quarter worth $32,000. UMB Bank n.a. bought a new stake in shares of ASE Technology in the fourth quarter worth $32,000. Finally, SBI Securities Co. Ltd. increased its position in ASE Technology by 256.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 1,795 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.

ASE Technology Price Performance

NYSE ASX opened at $40.26 on Friday. The stock has a market cap of $89.51 billion, a price-to-earnings ratio of 59.20, a PEG ratio of 1.01 and a beta of 1.72. ASE Technology Holding Co., Ltd. has a 12 month low of $9.30 and a 12 month high of $44.47. The company’s 50 day moving average is $35.25 and its two-hundred day moving average is $25.54. 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 (NYSE:ASX) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share (EPS) 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 analysts’ expectations of $5.32 billion. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. As a group, research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.84 earnings per share for the current year.

ASE Technology Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ASX. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings reiterated 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 given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently 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.