315,750 Shares in ASE Technology Holding Co., Ltd. $ASX Acquired by Nykredit A S

Nykredit A S purchased a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the second quarter, Holdings Channel.com reports. The fund purchased 315,750 shares of the semiconductor company’s stock, valued at approximately $14,247,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rafferty Asset Management LLC boosted its stake in 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 worth $76,361,000 after purchasing an additional 2,491,918 shares during the period. Lazard Asset Management LLC increased its stake in ASE Technology by 11.1% in the 4th quarter. Lazard Asset Management LLC now owns 20,010,829 shares of the semiconductor company’s stock worth $322,174,000 after acquiring an additional 1,997,888 shares during the last quarter. Millennium Management LLC raised its holdings 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 valued at $35,147,000 after acquiring an additional 1,796,357 shares in the last quarter. Bank of America Corp DE boosted its position in shares of ASE Technology by 18.8% during the 2nd quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock valued at $91,061,000 after acquiring an additional 1,397,206 shares during the last quarter. Finally, Morgan Stanley grew its position in ASE Technology by 14.3% in the fourth quarter. Morgan Stanley now owns 10,607,588 shares of the semiconductor company’s stock worth $170,782,000 after acquiring an additional 1,330,580 shares in the last quarter. Institutional investors own 6.80% of the company’s stock.

ASE Technology Trading Up 0.4%

ASX opened at $37.59 on Friday. The business has a 50 day moving average of $38.59 and a 200-day moving average of $32.70. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The stock has a market cap of $84.02 billion, a PE ratio of 43.71 and a beta of 1.71. ASE Technology Holding Co., Ltd. has a 52 week low of $10.34 and a 52 week high of $45.51.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results 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. ASE Technology had a net margin of 8.52% and a return on equity of 16.12%. The company had revenue of $81.66 million during the quarter, compared to analyst estimates of $5.96 billion. Equities research analysts predict that ASE Technology Holding Co., Ltd. will post 1.21 earnings per share for the current fiscal year.

ASE Technology Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, August 7th. Investors of record on Monday, July 6th were given a $0.4171 dividend. This is a boost 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%.

Analyst Ratings Changes

ASX has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of ASE Technology from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Zacks Research downgraded ASE Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate 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.