ASE Technology Holding Co., Ltd. $ASX Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 37.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 588,182 shares of the semiconductor company’s stock after purchasing an additional 161,471 shares during the quarter. Quantinno Capital Management LP’s holdings in ASE Technology were worth $12,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ASX. Parallel Advisors LLC increased its holdings in ASE Technology by 1.9% in the fourth quarter. Parallel Advisors LLC now owns 25,975 shares of the semiconductor company’s stock valued at $418,000 after buying an additional 482 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of ASE Technology by 5.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,223 shares of the semiconductor company’s stock worth $181,000 after acquiring an additional 589 shares in the last quarter. Vest Financial LLC boosted its stake in shares of ASE Technology by 5.2% during the 4th quarter. Vest Financial LLC now owns 12,954 shares of the semiconductor company’s stock worth $209,000 after acquiring an additional 637 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of ASE Technology by 0.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 120,598 shares of the semiconductor company’s stock worth $1,942,000 after acquiring an additional 643 shares during the period. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of ASE Technology by 24.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 3,435 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 683 shares during the period. Institutional investors and hedge funds own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ASE Technology in a report on Tuesday, June 9th. Zacks Research upgraded ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, ASE Technology presently has an average rating of “Buy”.

ASE Technology Trading Up 4.2%

Shares of ASX opened at $36.66 on Tuesday. The stock has a fifty day moving average of $39.05 and a two-hundred day moving average of $29.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.81 and a current ratio of 1.07. ASE Technology Holding Co., Ltd. has a fifty-two week low of $9.52 and a fifty-two week high of $45.51. The company has a market capitalization of $81.52 billion, a PE ratio of 42.63 and a beta of 1.69.

ASE Technology (NYSE:ASX) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share for the quarter, topping 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 company had revenue of $81.66 million during the quarter, compared to the consensus estimate of $5.96 billion. As a group, analysts forecast that ASE Technology Holding Co., Ltd. will post 1.15 EPS for the current year.

ASE Technology Increases Dividend

The business also recently declared 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. The ex-dividend date is Monday, July 6th. This represents a yield of 96.0%. This is a boost from ASE Technology’s previous annual dividend of $0.36. ASE Technology’s dividend payout ratio (DPR) is currently 36.05%.

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.