Sei Investments Co. Raises Stock Holdings in ASE Technology Holding Co., Ltd. $ASX

Sei Investments Co. raised its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 12.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 812,019 shares of the semiconductor company’s stock after purchasing an additional 87,689 shares during the period. Sei Investments Co.’s holdings in ASE Technology were worth $17,604,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in ASE Technology in the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased 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 worth $29,000 after acquiring an additional 1,809 shares in the last quarter. Bessemer Group Inc. raised its position in ASE Technology by 135.4% during the first quarter. Bessemer Group Inc. now owns 1,438 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 827 shares during the period. Eagle Bay Advisors LLC acquired a new position in ASE Technology during the fourth quarter worth $32,000. Finally, UMB Bank n.a. purchased a new position in ASE Technology during the fourth quarter valued at $32,000. 6.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ASX has been the topic of several research analyst reports. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ASE Technology in a research note on Tuesday, June 9th. Finally, Zacks Research upgraded ASE Technology from a “hold” rating to a “strong-buy” rating in a 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.com, ASE Technology currently has a consensus rating of “Buy”.

ASE Technology Stock Down 6.8%

Shares of ASX opened at $31.63 on Thursday. The stock has a 50 day moving average price of $38.97 and a 200 day moving average price of $29.48. ASE Technology Holding Co., Ltd. has a one year low of $9.30 and a one year high of $45.51. 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 stock has a market capitalization of $70.34 billion, a price-to-earnings ratio of 46.52 and a beta of 1.69.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data 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. 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 analyst estimates of $5.32 billion. Equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 1.12 earnings per share 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. Stockholders of record on Monday, July 6th will be given a $0.4171 dividend. This represents a dividend yield of 96.0%. This is a positive change from ASE Technology’s previous annual dividend of $0.36. The ex-dividend date is Monday, July 6th. ASE Technology’s dividend payout ratio (DPR) 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.