Legacy Wealth Asset Management LLC Sells 25,596 Shares of ASE Technology Holding Co., Ltd. $ASX

Legacy Wealth Asset Management LLC cut its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 15.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,007 shares of the semiconductor company’s stock after selling 25,596 shares during the period. ASE Technology makes up approximately 1.3% of Legacy Wealth Asset Management LLC’s investment portfolio, making the stock its 11th largest holding. Legacy Wealth Asset Management LLC’s holdings in ASE Technology were worth $6,092,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its holdings in 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 worth $322,174,000 after buying an additional 1,997,888 shares during the last quarter. Morgan Stanley grew its position in shares of ASE Technology by 14.3% during the 4th quarter. Morgan Stanley now owns 10,607,588 shares of the semiconductor company’s stock worth $170,782,000 after buying an additional 1,330,580 shares during the period. Bank of America Corp DE increased its stake in shares of ASE Technology by 9.6% in the 3rd quarter. Bank of America Corp DE now owns 9,661,484 shares of the semiconductor company’s stock valued at $107,146,000 after acquiring an additional 846,300 shares during the last quarter. UBS Group AG increased its stake in shares of ASE Technology by 11.4% in the 4th quarter. UBS Group AG now owns 9,038,322 shares of the semiconductor company’s stock valued at $145,517,000 after acquiring an additional 922,692 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its position in shares of ASE Technology by 50.9% in the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock valued at $76,361,000 after acquiring an additional 2,491,918 shares during the period. Institutional investors own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ASE Technology in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy”.

ASE Technology Trading Up 0.1%

NYSE:ASX opened at $37.43 on Monday. The stock has a market capitalization of $83.22 billion, a PE ratio of 43.52 and a beta of 1.71. ASE Technology Holding Co., Ltd. has a fifty-two week low of $9.52 and a fifty-two week high of $45.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.81. The business’s 50-day simple moving average is $38.92 and its 200-day simple moving average is $30.36.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.06. The company had revenue of $81.66 million during the quarter, compared to the consensus estimate of $5.96 billion. ASE Technology had a net margin of 8.52% and a return on equity of 16.12%. Sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 1.21 earnings per share for the current fiscal year.

ASE Technology Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, August 7th. Shareholders of record on Monday, July 6th were given a dividend of $0.4171 per share. This is an increase from ASE Technology’s previous annual dividend of $0.36. The ex-dividend date of this dividend was Monday, July 6th. This represents a yield of 96.0%. ASE Technology’s payout ratio is currently 34.88%.

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.