Short Interest in ASE Technology Holding Co., Ltd. (NYSE:ASX) Decreases By 47.5%

ASE Technology Holding Co., Ltd. (NYSE:ASX) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 9,531,995 shares, a drop of 47.5% from the June 30th total of 18,168,448 shares. Based on an average trading volume of 11,656,407 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.6% of the company’s shares are short sold.

ASE Technology Trading Up 0.9%

NYSE:ASX traded up $0.31 during trading hours on Friday, hitting $35.08. The stock had a trading volume of 8,762,870 shares, compared to its average volume of 9,449,534. The business’s 50 day moving average is $39.01 and its 200-day moving average is $29.64. 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 company has a market cap of $78.00 billion, a price-to-earnings ratio of 40.79 and a beta of 1.69. ASE Technology has a one year low of $9.30 and a one year high of $45.51.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The business had revenue of $81.66 million during the quarter, compared to analysts’ expectations of $5.96 billion. ASE Technology had a net margin of 8.52% and a return on equity of 16.66%. Sell-side analysts anticipate that ASE Technology will post 1.12 EPS for the current fiscal year.

ASE Technology Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, August 7th. Shareholders of record on Monday, July 6th will be paid a $0.4171 dividend. The ex-dividend date of this dividend is Monday, July 6th. This is an increase from ASE Technology’s previous annual dividend of $0.36. This represents a yield of 96.0%. ASE Technology’s payout ratio is presently 45.59%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ASX. Weiss Ratings reissued a “hold (c+)” rating on shares of ASE Technology in a research note on Tuesday, June 9th. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Finally, Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Key Headlines Impacting ASE Technology

Here are the key news stories impacting ASE Technology this week:

• Positive Sentiment: ASE reported second-quarter earnings per share of $0.29, exceeding the $0.23 analyst consensus. Consolidated revenue rose 26.7% year over year and 10.0% sequentially to NT$191.1 billion, supporting the view that demand remains strong across its semiconductor assembly and testing businesses. ASE Technology second-quarter financial results
• Positive Sentiment: Management said AI demand is driving expanded advanced-packaging and testing capacity. ASE expects fourth-quarter ATM gross margin to exceed 30% and is targeting a doubling of LEAP revenue in 2027, potentially improving the company’s growth and profitability profile. ASE signals margin and LEAP growth targets
• Positive Sentiment: ASE raised its 2026 capital-expenditure plan by $2 billion to approximately $10.5 billion because of strong customer demand. The investment is intended to increase AI-related capacity and could strengthen ASE’s competitive position in advanced packaging. ASE raises 2026 capital expenditure
• Negative Sentiment: The larger investment program increases near-term capital requirements and execution risk. Investors will monitor whether AI-driven revenue growth and anticipated margin expansion are sufficient to offset higher spending and depreciation.

Institutional Investors Weigh In On ASE Technology

Several large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC grew its position in shares of ASE Technology by 7.5% in the 1st quarter. Hsbc Holdings PLC now owns 2,014,412 shares of the semiconductor company’s stock valued at $43,654,000 after acquiring an additional 140,628 shares during the period. TT International Asset Management LTD lifted its stake in ASE Technology by 69.8% in the 4th quarter. TT International Asset Management LTD now owns 1,236,070 shares of the semiconductor company’s stock valued at $19,843,000 after purchasing an additional 508,291 shares during the last quarter. Barometer Capital Management Inc. acquired a new stake in ASE Technology in the 1st quarter valued at about $3,003,000. ABC Arbitrage SA bought a new position in ASE Technology during the first quarter worth about $1,308,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of ASE Technology in the first quarter valued at approximately $1,341,000. Institutional investors own 6.80% of the company’s stock.

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.