Y Intercept Hong Kong Ltd Makes New $1.34 Million Investment in ASE Technology Holding Co., Ltd. $ASX

Y Intercept Hong Kong Ltd purchased a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 61,873 shares of the semiconductor company’s stock, valued at approximately $1,341,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Parallel Advisors LLC grew its holdings in shares of ASE Technology by 1.9% in the fourth quarter. Parallel Advisors LLC now owns 25,975 shares of the semiconductor company’s stock valued at $418,000 after purchasing an additional 482 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in ASE Technology by 5.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,223 shares of the semiconductor company’s stock valued at $181,000 after buying an additional 589 shares during the period. Vest Financial LLC boosted its position in ASE Technology by 5.2% in the 4th quarter. Vest Financial LLC now owns 12,954 shares of the semiconductor company’s stock valued at $209,000 after buying an additional 637 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of ASE Technology by 0.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 120,598 shares of the semiconductor company’s stock worth $1,942,000 after acquiring an additional 643 shares in the last quarter. Finally, Transamerica Financial Advisors LLC grew its stake in shares of ASE Technology by 24.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 3,435 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 683 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Stock Down 1.2%

NYSE:ASX traded down $0.52 during mid-day trading on Friday, hitting $42.73. The stock had a trading volume of 6,759,243 shares, compared to its average volume of 11,796,733. ASE Technology Holding Co., Ltd. has a twelve month low of $9.30 and a twelve month high of $45.51. The stock has a 50-day simple moving average of $37.75 and a two-hundred day simple moving average of $27.41. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $95.01 billion, a PE ratio of 62.84 and a beta of 1.69.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.32 billion. On average, equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.84 EPS for the current 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. The ex-dividend date is Monday, July 6th. This is an increase from ASE Technology’s previous annual dividend of $0.36. This represents a dividend yield of 96.0%. ASE Technology’s payout ratio is presently 45.59%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Zacks Research upgraded ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Finally, Weiss Ratings restated 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

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.