Ritholtz Wealth Management Raises Holdings in ASE Technology Holding Co., Ltd. $ASX

Ritholtz Wealth Management increased its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 58.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,142 shares of the semiconductor company’s stock after acquiring an additional 25,189 shares during the quarter. 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 (SEC).

Other large investors have also bought and sold shares of the company. Rafferty Asset Management LLC boosted its stake in shares of ASE Technology by 50.9% during the second quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock valued at $76,361,000 after purchasing an additional 2,491,918 shares during the period. Schroder Investment Management Group increased its stake in shares of ASE Technology by 38.4% in the third quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock worth $80,787,000 after buying an additional 2,012,970 shares during the period. Lazard Asset Management LLC increased its stake in shares of ASE Technology by 11.1% in 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 period. Millennium Management LLC raised its holdings in ASE Technology by 130.8% during the 3rd quarter. Millennium Management LLC now owns 3,169,267 shares of the semiconductor company’s stock valued at $35,147,000 after buying an additional 1,796,357 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in 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 buying an additional 1,397,206 shares during the last quarter. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Stock Performance

Shares of ASX opened at $40.26 on Friday. The company has a 50-day simple moving average of $35.25 and a two-hundred day simple moving average of $25.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89. The firm has a market capitalization of $89.51 billion, a PE ratio of 59.20, a price-to-earnings-growth ratio of 1.01 and a beta of 1.72. ASE Technology Holding Co., Ltd. has a one year low of $9.30 and a one year high of $44.47.

ASE Technology (NYSE:ASX) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.32 billion. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. On average, analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.84 EPS for the current fiscal year.

ASE Technology Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, August 7th. Investors of record on Monday, July 6th will be paid a $0.4171 dividend. This represents a yield of 111.0%. The ex-dividend date is Monday, July 6th. This is a positive change from ASE Technology’s previous annual dividend of $0.36. ASE Technology’s dividend payout ratio (DPR) is presently 38.24%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Weiss Ratings restated a “hold (c+)” rating on shares of ASE Technology in a research report on Tuesday, June 9th. Finally, Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, ASE Technology has a consensus 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.