Delphi Management Inc. MA Cuts Holdings in ASE Technology Holding Co., Ltd. $ASX

Delphi Management Inc. MA decreased its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 40.2% in the first quarter, Holdings Channel reports. The firm owned 58,888 shares of the semiconductor company’s stock after selling 39,641 shares during the quarter. ASE Technology accounts for about 1.5% of Delphi Management Inc. MA’s portfolio, making the stock its 12th biggest position. Delphi Management Inc. MA’s holdings in ASE Technology were worth $1,277,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Lazard Asset Management LLC lifted its holdings in shares of ASE Technology by 11.1% during the fourth quarter. Lazard Asset Management LLC now owns 20,010,829 shares of the semiconductor company’s stock valued at $322,174,000 after purchasing an additional 1,997,888 shares in the last quarter. Morgan Stanley boosted its position in shares of ASE Technology by 14.3% during the fourth quarter. Morgan Stanley now owns 10,607,588 shares of the semiconductor company’s stock valued at $170,782,000 after buying an additional 1,330,580 shares during the last quarter. Bank of America Corp DE increased its holdings in ASE Technology by 9.6% in the 3rd quarter. Bank of America Corp DE now owns 9,661,484 shares of the semiconductor company’s stock worth $107,146,000 after buying an additional 846,300 shares in the last quarter. UBS Group AG increased its holdings in ASE Technology by 11.4% in the 4th quarter. UBS Group AG now owns 9,038,322 shares of the semiconductor company’s stock worth $145,517,000 after buying an additional 922,692 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its position in ASE Technology by 50.9% in the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock worth $76,361,000 after buying an additional 2,491,918 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Analyst Ratings Changes

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

ASE Technology Price Performance

NYSE ASX opened at $41.21 on Thursday. The stock has a market capitalization of $91.63 billion, a price-to-earnings ratio of 60.60, a PEG ratio of 1.02 and a beta of 1.72. ASE Technology Holding Co., Ltd. has a 1-year low of $9.30 and a 1-year high of $44.47. 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 business’s fifty day moving average price is $34.69 and its 200-day moving average price is $25.25.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%.The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.32 billion. On average, equities analysts predict that ASE Technology Holding Co., Ltd. will post 0.82 earnings per share for the current year.

ASE Technology Increases Dividend

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

ASE Technology Company 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.