NINE MASTS CAPITAL Ltd Reduces Stock Holdings in ASE Technology Holding Co., Ltd. $ASX

NINE MASTS CAPITAL Ltd cut its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 79.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 158,159 shares of the semiconductor company’s stock after selling 619,021 shares during the period. ASE Technology makes up approximately 0.7% of NINE MASTS CAPITAL Ltd’s holdings, making the stock its 21st largest holding. NINE MASTS CAPITAL Ltd’s holdings in ASE Technology were worth $7,136,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC raised its stake in shares of ASE Technology by 11.1% during the fourth 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 during the period. Morgan Stanley boosted its stake in shares of ASE Technology by 14.3% in the fourth quarter. Morgan Stanley now owns 10,607,588 shares of the semiconductor company’s stock valued at $170,782,000 after purchasing an additional 1,330,580 shares during the period. Bank of America Corp DE boosted its stake in shares of ASE Technology by 9.6% in the third quarter. Bank of America Corp DE now owns 9,661,484 shares of the semiconductor company’s stock valued at $107,146,000 after purchasing an additional 846,300 shares during the period. Rafferty Asset Management LLC grew its holdings in ASE Technology by 50.9% during the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock valued at $76,361,000 after purchasing an additional 2,491,918 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in ASE Technology by 15.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,775,272 shares of the semiconductor company’s stock valued at $50,591,000 after purchasing an additional 780,651 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Up 0.2%

Shares of ASE Technology stock opened at $37.87 on Monday. The stock has a market capitalization of $84.65 billion, a price-to-earnings ratio of 44.03 and a beta of 1.71. ASE Technology Holding Co., Ltd. has a twelve month low of $9.86 and a twelve month high of $45.51. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54. The business’s 50 day simple moving average is $38.99 and its 200-day simple moving average is $32.27.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. ASE Technology had a return on equity of 16.12% and a net margin of 8.52%.The business had revenue of $81.66 million during the quarter, compared to analyst estimates of $5.96 billion. Equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 1.21 earnings per share for the current year.

ASE Technology Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, August 7th. Stockholders of record on Monday, July 6th were issued a dividend of $0.4171 per share. This represents a dividend yield of 96.0%. This is a positive change from ASE Technology’s previous annual dividend of $0.36. The ex-dividend date of this dividend was Monday, July 6th. ASE Technology’s dividend payout ratio is presently 34.88%.

Wall Street Analysts Forecast Growth

ASX has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of ASE Technology from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Zacks Research downgraded ASE Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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.