ASE Technology Holding Co., Ltd. $ASX Stock Holdings Trimmed by Royal Bank of Canada

Royal Bank of Canada lowered its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 13.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 503,877 shares of the semiconductor company’s stock after selling 76,954 shares during the quarter. Royal Bank of Canada’s holdings in ASE Technology were worth $10,925,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in shares of ASE Technology by 16.9% in the 1st quarter. Jones Financial Companies Lllp now owns 13,425 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 1,943 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in ASE Technology by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock worth $50,591,000 after purchasing an additional 780,651 shares during the last quarter. Geode Capital Management LLC boosted its holdings in ASE Technology by 16.3% in the second quarter. Geode Capital Management LLC now owns 13,576 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 1,901 shares during the period. Legal & General Group Plc boosted its holdings in ASE Technology by 261.9% in the second quarter. Legal & General Group Plc now owns 15,647 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 11,324 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in ASE Technology by 537.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 4,155 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ASX shares. Weiss Ratings reissued a “hold (c+)” rating on shares of ASE Technology in a report on Tuesday, June 9th. 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 issued a Hold rating to the company. Based on data from MarketBeat.com, ASE Technology has a consensus rating of “Buy”.

ASE Technology Stock Performance

Shares of ASX stock opened at $37.43 on Friday. ASE Technology Holding Co., Ltd. has a 12-month low of $9.52 and a 12-month high of $45.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.81. The firm has a market capitalization of $83.22 billion, a price-to-earnings ratio of 43.52 and a beta of 1.71. The business has a 50 day simple moving average of $38.92 and a 200 day simple moving average of $30.29.

ASE Technology (NYSE:ASX) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share for the quarter, beating 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 firm had revenue of $81.66 million for the quarter, compared to the consensus estimate of $5.96 billion. On average, equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 1.21 EPS for the current year.

ASE Technology Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, August 7th. Investors of record on Monday, July 6th were issued a $0.4171 dividend. The ex-dividend date of this dividend was Monday, July 6th. This is an increase from ASE Technology’s previous annual dividend of $0.36. This represents a yield of 96.0%. ASE Technology’s dividend payout ratio is currently 34.88%.

ASE Technology 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.