Banque Cantonale Vaudoise Boosts Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Banque Cantonale Vaudoise grew its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 350.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,117 shares of the semiconductor company’s stock after buying an additional 44,451 shares during the period. Banque Cantonale Vaudoise’s holdings in ASE Technology were worth $628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Securities Inc. purchased a new position in shares of ASE Technology during the 4th quarter valued at $41,000. GAMMA Investing LLC purchased a new position in shares of ASE Technology during the fourth quarter worth approximately $52,000. Pathstone Family Office LLC purchased a new position in ASE Technology in the 3rd quarter worth $93,000. BetterWealth LLC bought a new stake in shares of ASE Technology in the 4th quarter valued at about $94,000. Finally, Capital Management Associates Inc bought a new position in ASE Technology during the 4th quarter worth approximately $94,000. 6.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised ASE Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th.

ASE Technology Stock Performance

Shares of ASX stock opened at $11.58 on Friday. ASE Technology Holding Co., Ltd. has a 12 month low of $7.20 and a 12 month high of $12.23. The company’s fifty day moving average price is $10.78 and its 200-day moving average price is $10.13. The stock has a market cap of $25.39 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 0.66 and a beta of 1.20. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.37.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $4.24 billion for the quarter. ASE Technology had a net margin of 5.41% and a return on equity of 10.09%. During the same period in the previous year, the firm earned $0.09 EPS. On average, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.62 EPS for the current fiscal year.

ASE Technology Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 2nd will be given a $0.3209 dividend. This represents a yield of 2.2%. The ex-dividend date is Tuesday, July 2nd. ASE Technology’s dividend payout ratio (DPR) is 91.31%.

ASE Technology Profile

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.