Dimensional Fund Advisors LP Has $30.34 Million Holdings in ASE Technology Holding Co., Ltd. $ASX

Dimensional Fund Advisors LP boosted its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 9.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,399,553 shares of the semiconductor company’s stock after purchasing an additional 125,324 shares during the period. Dimensional Fund Advisors LP’s holdings in ASE Technology were worth $30,342,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC increased its holdings in shares of ASE Technology by 50.9% in the second quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock worth $76,361,000 after acquiring an additional 2,491,918 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of ASE Technology by 11.1% during the 4th 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. Millennium Management LLC lifted its holdings in shares of ASE Technology by 130.8% during the 3rd quarter. Millennium Management LLC now owns 3,169,267 shares of the semiconductor company’s stock valued at $35,147,000 after purchasing an additional 1,796,357 shares in the last quarter. Bank of America Corp DE grew its position in shares of ASE Technology by 18.8% in the 2nd quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock valued at $91,061,000 after purchasing an additional 1,397,206 shares during the period. Finally, Morgan Stanley increased its stake in ASE Technology by 14.3% during the 4th quarter. Morgan Stanley now owns 10,607,588 shares of the semiconductor company’s stock worth $170,782,000 after purchasing an additional 1,330,580 shares in the last quarter. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Trading Up 5.3%

Shares of NYSE:ASX opened at $38.63 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average of $39.04 and a 200-day moving average of $29.99. ASE Technology Holding Co., Ltd. has a 12-month low of $9.52 and a 12-month high of $45.51. The stock has a market cap of $85.90 billion, a PE ratio of 44.92 and a beta of 1.71.

ASE Technology (NYSE:ASX) last released its quarterly earnings results 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. The company had revenue of $81.66 million during the quarter, compared to the consensus estimate of $5.96 billion. ASE Technology had a net margin of 8.52% and a return on equity of 16.12%. As a group, equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 1.15 earnings per share for the current year.

ASE Technology Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, August 7th. Stockholders of record on Monday, July 6th will be issued a $0.4171 dividend. This represents a dividend yield of 96.0%. This is an increase from ASE Technology’s previous annual dividend of $0.36. The ex-dividend date of this dividend is Monday, July 6th. ASE Technology’s dividend payout ratio (DPR) is currently 36.05%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of ASE Technology in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, ASE Technology presently has a consensus rating of “Buy”.

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.