Nilsine Partners LLC Invests $1.28 Million in ASE Technology Holding Co., Ltd. $ASX

Nilsine Partners LLC purchased a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 28,322 shares of the semiconductor company’s stock, valued at approximately $1,278,000.

Several other institutional investors have also recently added to or reduced their stakes in ASX. Jones Financial Companies Lllp lifted its position in ASE Technology by 16.9% during the 1st quarter. Jones Financial Companies Lllp now owns 13,425 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 1,943 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of ASE Technology by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock valued at $50,591,000 after purchasing an additional 780,651 shares during the period. Geode Capital Management LLC increased its holdings in shares of ASE Technology by 16.3% in the second quarter. Geode Capital Management LLC now owns 13,576 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 1,901 shares during the period. Legal & General Group Plc raised its stake in shares of ASE Technology by 261.9% during the second quarter. Legal & General Group Plc now owns 15,647 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 11,324 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of ASE Technology by 537.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 4,155 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

ASE Technology Stock Performance

NYSE ASX opened at $37.59 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $38.59 and its two-hundred day moving average is $32.76. ASE Technology Holding Co., Ltd. has a 12-month low of $10.34 and a 12-month high of $45.51. The stock has a market capitalization of $84.02 billion, a price-to-earnings ratio of 43.71 and a beta of 1.71.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. ASE Technology had a return on equity of 16.12% and a net margin of 8.52%.The business had revenue of $81.66 million during the quarter, compared to analysts’ expectations of $5.96 billion. Research analysts expect that ASE Technology Holding Co., Ltd. will post 1.21 EPS for the current year.

ASE Technology Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, August 7th. Shareholders of record on Monday, July 6th were issued a $0.4171 dividend. This represents a yield of 96.0%. 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. ASE Technology’s dividend payout ratio is 34.88%.

Analyst Ratings Changes

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