Hsbc Holdings PLC Buys 276,926 Shares of ASE Technology Holding Co., Ltd. $ASX

Hsbc Holdings PLC increased its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 17.3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,873,784 shares of the semiconductor company’s stock after buying an additional 276,926 shares during the period. Hsbc Holdings PLC’s holdings in ASE Technology were worth $30,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Nisa Investment Advisors LLC bought a new position in shares of ASE Technology during the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of ASE Technology by 180,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,810 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 1,809 shares during the period. Eagle Bay Advisors LLC purchased a new stake in ASE Technology during the fourth quarter valued at $32,000. UMB Bank n.a. purchased a new stake in ASE Technology during the fourth quarter valued at $32,000. Finally, SBI Securities Co. Ltd. lifted its holdings in ASE Technology by 256.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 1,795 shares during the period. Institutional investors own 6.80% of the company’s stock.

Analyst Ratings Changes

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

ASE Technology Trading Up 3.6%

NYSE:ASX opened at $41.21 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89. The firm has a market capitalization of $91.63 billion, a price-to-earnings ratio of 60.60, a price-to-earnings-growth ratio of 1.02 and a beta of 1.72. ASE Technology Holding Co., Ltd. has a one year low of $9.30 and a one year high of $44.47. The business has a fifty day moving average price of $34.69 and a 200-day moving average price of $25.25.

ASE Technology (NYSE:ASX) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%.The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.32 billion. Sell-side analysts forecast that ASE Technology Holding Co., Ltd. will post 0.82 EPS for the current year.

ASE Technology Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, August 7th. Stockholders of record on Monday, July 6th will be paid a $0.4171 dividend. This represents a dividend yield of 111.0%. This is an increase from ASE Technology’s previous annual dividend of $0.36. The ex-dividend date of this dividend is Monday, July 6th. ASE Technology’s dividend payout ratio is 38.24%.

ASE Technology Company 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.