SG Trading Solutions LLC Makes New Investment in ASE Technology Holding Co., Ltd. $ASX

SG Trading Solutions LLC acquired a new position in ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,107 shares of the semiconductor company’s stock, valued at approximately $453,000.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new stake in ASE Technology in the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC lifted its holdings in ASE Technology by 1,704.8% during the third quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 2,506 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in ASE Technology during the fourth quarter valued at approximately $32,000. UMB Bank n.a. bought a new position in shares of ASE Technology in the fourth quarter worth approximately $32,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of ASE Technology by 256.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 1,795 shares during the period. 6.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ASE Technology in a report on Tuesday, June 9th. 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 company. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

ASE Technology Price Performance

Shares of ASE Technology stock opened at $40.63 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. ASE Technology Holding Co., Ltd. has a 12 month low of $9.30 and a 12 month high of $41.10. The stock has a 50 day moving average of $33.72 and a 200 day moving average of $24.63. The firm has a market cap of $90.33 billion, a PE ratio of 59.74, a PEG ratio of 1.04 and a beta of 1.72.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.32 billion. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%. On average, research analysts expect that ASE Technology Holding Co., Ltd. will post 0.82 EPS for the current fiscal year.

ASE Technology Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, July 6th. This is a positive change from ASE Technology’s previous annual dividend of $0.36. This represents a yield of 111.0%. ASE Technology’s payout ratio is currently 38.24%.

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.