Healthcare of Ontario Pension Plan Trust Fund Invests $8.93 Million in ASE Technology Holding Co., Ltd. $ASX

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 412,000 shares of the semiconductor company’s stock, valued at approximately $8,932,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new stake in ASE Technology in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd increased its position in shares of ASE Technology by 180,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,810 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 1,809 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of ASE Technology by 135.4% during the 1st quarter. Bessemer Group Inc. now owns 1,438 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 827 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of ASE Technology during the 4th quarter valued at $32,000. Finally, UMB Bank n.a. purchased a new stake in shares of ASE Technology during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

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

ASE Technology Trading Down 7.1%

NYSE ASX opened at $33.96 on Wednesday. The company has a fifty day simple moving average of $38.97 and a two-hundred day simple moving average of $29.38. The stock has a market cap of $75.51 billion, a P/E ratio of 49.94 and a beta of 1.69. ASE Technology Holding Co., Ltd. has a 12-month low of $9.30 and a 12-month high of $45.51. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53.

ASE Technology (NYSE:ASX) last posted 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. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.32 billion. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. On average, analysts forecast 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 declared an annual dividend, which will be paid on Friday, August 7th. Shareholders of record on Monday, July 6th will be given a dividend of $0.4171 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a yield of 96.0%. This is an increase from ASE Technology’s previous annual dividend of $0.36. ASE Technology’s payout ratio is presently 45.59%.

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.