ASE Technology Holding Co., Ltd. $ASX Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 42.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,703 shares of the semiconductor company’s stock after selling 94,420 shares during the period. Sanctuary Advisors LLC’s holdings in ASE Technology were worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ASX. Rafferty Asset Management LLC grew its holdings in ASE Technology by 50.9% in the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock worth $76,361,000 after buying an additional 2,491,918 shares in the last quarter. Lazard Asset Management LLC raised its stake in 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 acquiring an additional 1,997,888 shares in the last quarter. Millennium Management LLC raised its stake in 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 acquiring an additional 1,796,357 shares in the last quarter. Bank of America Corp DE raised its stake in ASE Technology by 18.8% during 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 acquiring an additional 1,397,206 shares in the last quarter. Finally, Morgan Stanley boosted its position 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 acquiring an additional 1,330,580 shares during the period. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Stock Performance

ASX opened at $36.99 on Tuesday. The company has a market capitalization of $82.24 billion, a price-to-earnings ratio of 54.39 and a beta of 1.69. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89. ASE Technology Holding Co., Ltd. has a 1-year low of $9.30 and a 1-year high of $45.51. The business has a 50 day moving average price of $38.44 and a two-hundred day moving average price of $28.49.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%.The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.32 billion. Research analysts predict that ASE Technology Holding Co., Ltd. will post 0.84 EPS for the current fiscal year.

ASE Technology Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, August 7th. Investors of record on Monday, July 6th will be paid a dividend of $0.4171 per share. This is an increase from ASE Technology’s previous annual dividend of $0.36. This represents a yield of 96.0%. The ex-dividend date of this dividend is Monday, July 6th. ASE Technology’s dividend payout ratio (DPR) is 45.59%.

Analyst Ratings Changes

Several research analysts have recently issued reports on ASX shares. Weiss Ratings reissued a “hold (c+)” rating on shares of ASE Technology in a research note on Tuesday, June 9th. Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

About ASE Technology

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.