Groupama Asset Managment Invests $696,000 in ASE Technology Holding Co., Ltd. $ASX

Groupama Asset Managment purchased a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 79,047 shares of the semiconductor company’s stock, valued at approximately $696,000.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC grew its holdings in shares of ASE Technology by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,590 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 1,795 shares during the period. TT International Asset Management LTD purchased a new position in shares of ASE Technology during the 1st quarter worth $39,000. Brooklyn Investment Group grew its holdings in shares of ASE Technology by 1,084.2% during the 1st quarter. Brooklyn Investment Group now owns 7,650 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 7,004 shares during the period. Canopy Partners LLC purchased a new position in shares of ASE Technology during the 1st quarter worth $91,000. Finally, Russell Investments Group Ltd. lifted its stake in ASE Technology by 14.9% during the 1st quarter. Russell Investments Group Ltd. now owns 10,506 shares of the semiconductor company’s stock worth $92,000 after acquiring an additional 1,365 shares in the last quarter. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Price Performance

ASX opened at $9.6950 on Thursday. The stock’s 50-day moving average price is $10.24 and its 200 day moving average price is $9.74. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $11.36. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The firm has a market cap of $21.40 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 0.55 and a beta of 1.22.

ASE Technology (NYSE:ASX) last posted its earnings results on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). ASE Technology had a return on equity of 10.33% and a net margin of 5.48%.The firm had revenue of $5.07 billion for the quarter, compared to analyst estimates of $150.44 billion. As a group, sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

ASE Technology Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 2nd were paid a dividend of $0.359 per share. This represents a yield of 230.0%. The ex-dividend date of this dividend was Wednesday, July 2nd. This is a positive change from ASE Technology’s previous annual dividend of $0.32. ASE Technology’s dividend payout ratio is currently 55.32%.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.