Public Employees Retirement System of Ohio Purchases New Position in ASE Technology Holding Co., Ltd. $ASX

Public Employees Retirement System of Ohio purchased a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the second quarter, Holdings Channel reports. The firm purchased 13,906 shares of the semiconductor company’s stock, valued at approximately $627,000.

Several other institutional investors also recently bought and sold shares of the business. Hsbc Holdings PLC grew its stake in 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. Barometer Capital Management Inc. purchased a new stake in ASE Technology in the 1st quarter worth $3,003,000. Y Intercept Hong Kong Ltd acquired a new position in ASE Technology during the first quarter worth $1,341,000. ABC Arbitrage SA purchased a new position in ASE Technology during the first quarter valued at $1,308,000. Finally, Amundi lifted its holdings in ASE Technology by 66.2% during the first quarter. Amundi now owns 285,688 shares of the semiconductor company’s stock valued at $6,194,000 after purchasing an additional 113,758 shares in the last quarter. 6.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ASX. Weiss Ratings raised shares of ASE Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Zacks Research lowered shares of ASE Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

ASE Technology Stock Up 3.5%

Shares of ASX opened at $41.17 on Thursday. The stock has a 50 day moving average price of $38.35 and a 200 day moving average price of $33.11. ASE Technology Holding Co., Ltd. has a one year low of $10.93 and a one year high of $45.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.81 and a current ratio of 1.07. The stock has a market capitalization of $92.03 billion, a price-to-earnings ratio of 47.87 and a beta of 1.71.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. ASE Technology had a return on equity of 16.12% and a net margin of 8.52%.The company had revenue of $81.66 million for the quarter, compared to analyst estimates of $5.96 billion. Equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 1.23 earnings per share for the current fiscal year.

ASE Technology Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, August 7th. Investors of record on Monday, July 6th were given a dividend of $0.4171 per share. The ex-dividend date was Monday, July 6th. This is a boost from ASE Technology’s previous annual dividend of $0.36. This represents a yield of 96.0%. ASE Technology’s dividend payout ratio (DPR) is presently 34.88%.

About ASE Technology

ASE Technology Holding Co, Ltd. is a Taiwan-based semiconductor manufacturing services company. Through its subsidiaries, including Advanced Semiconductor Engineering, Inc and Siliconware Precision Industries Co, Ltd., the company provides outsourced semiconductor assembly and testing (OSAT) services for chipmakers and electronics companies.

Its services include semiconductor packaging, wafer probing, final testing, electronic manufacturing services, and related materials and engineering solutions.