Ballentine Partners LLC Takes $130,000 Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Ballentine Partners LLC bought a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) during the first quarter, according to its most recent filing with the SEC. The firm bought 11,818 shares of the semiconductor company’s stock, valued at approximately $130,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in ASE Technology by 8.0% during the 3rd quarter. American Century Companies Inc. now owns 1,518,089 shares of the semiconductor company’s stock valued at $11,416,000 after purchasing an additional 112,814 shares during the last quarter. Moran Wealth Management LLC acquired a new position in shares of ASE Technology in the fourth quarter valued at approximately $5,345,000. Virtu Financial LLC acquired a new position in ASE Technology during the fourth quarter worth $667,000. Envestnet Portfolio Solutions Inc. acquired a new position in ASE Technology during the third quarter worth $395,000. Finally, Graham Capital Management L.P. bought a new stake in ASE Technology during the third quarter worth $1,677,000. 6.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. Morgan Stanley downgraded shares of ASE Technology from an “overweight” rating to an “equal weight” rating in a research note on Tuesday.

ASE Technology Trading Down 0.3 %

Shares of ASE Technology stock opened at $11.47 on Friday. ASE Technology Holding Co., Ltd. has a 52-week low of $7.20 and a 52-week high of $12.23. The stock’s 50-day simple moving average is $10.85 and its 200 day simple moving average is $10.20. The stock has a market capitalization of $25.14 billion, a P/E ratio of 24.94, a P/E/G ratio of 0.64 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.92 and a current ratio of 1.19.

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

ASE Technology Cuts Dividend

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

About ASE Technology

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.