Citigroup Inc. Sells 1,230,552 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Citigroup Inc. lowered its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 22.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,298,336 shares of the semiconductor company’s stock after selling 1,230,552 shares during the period. Citigroup Inc. owned approximately 0.19% of ASE Technology worth $37,653,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Barclays PLC lifted its holdings in shares of ASE Technology by 24.6% during the fourth quarter. Barclays PLC now owns 3,094,383 shares of the semiconductor company’s stock valued at $31,160,000 after purchasing an additional 611,751 shares during the last quarter. Millennium Management LLC grew its stake in shares of ASE Technology by 16.4% in the 4th quarter. Millennium Management LLC now owns 1,817,203 shares of the semiconductor company’s stock worth $18,299,000 after buying an additional 255,747 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in ASE Technology by 1.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 1,569,296 shares of the semiconductor company’s stock valued at $13,747,000 after buying an additional 25,182 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in ASE Technology by 28.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 800,934 shares of the semiconductor company’s stock valued at $8,065,000 after buying an additional 177,418 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in ASE Technology by 17.4% in the fourth quarter. Northern Trust Corp now owns 721,474 shares of the semiconductor company’s stock worth $7,265,000 after acquiring an additional 107,172 shares in the last quarter. Institutional investors own 6.80% of the company’s stock.

ASE Technology Trading Up 0.3%

NYSE ASX opened at $10.00 on Tuesday. ASE Technology Holding Co., Ltd. has a 12 month low of $6.94 and a 12 month high of $11.36. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average price is $10.22 and its 200-day moving average price is $9.74. The stock has a market cap of $22.06 billion, a P/E ratio of 21.27, a P/E/G ratio of 0.56 and a beta of 1.22.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $150.44 billion. ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. As a group, equities analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

ASE Technology Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 2nd were given a dividend of $0.359 per share. This represents a dividend yield of 230.0%. This is an increase from ASE Technology’s previous annual dividend of $0.32. The ex-dividend date of this dividend was Wednesday, July 2nd. ASE Technology’s payout ratio is 55.32%.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.