Kathmere Capital Management LLC Makes New $457,000 Investment in ASE Technology Holding Co., Ltd. $ASX

Kathmere Capital Management LLC purchased a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,081 shares of the semiconductor company’s stock, valued at approximately $457,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its stake in ASE Technology by 1.9% during 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 during the last quarter. Commonwealth Equity Services LLC lifted its holdings in ASE Technology by 5.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,223 shares of the semiconductor company’s stock worth $181,000 after acquiring an additional 589 shares during the last quarter. Vest Financial LLC lifted its holdings in ASE Technology by 5.2% in the fourth quarter. Vest Financial LLC now owns 12,954 shares of the semiconductor company’s stock worth $209,000 after acquiring an additional 637 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in 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 valued at $1,942,000 after acquiring an additional 643 shares during the period. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of ASE Technology by 24.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 3,435 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 683 shares during the last quarter. 6.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

ASE Technology Trading Down 8.5%

Shares of NYSE:ASX opened at $39.63 on Wednesday. The firm has a fifty day moving average of $37.06 and a two-hundred day moving average of $26.92. The company has a quick ratio of 0.89, a current ratio of 1.15 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 $45.51. The firm has a market capitalization of $88.12 billion, a P/E ratio of 58.28 and a beta of 1.69.

ASE Technology (NYSE:ASX) last issued its quarterly earnings data 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. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.32 billion. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. On average, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.84 EPS for the current fiscal year.

ASE Technology Increases Dividend

The firm 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. The ex-dividend date is Monday, July 6th. This is a boost from ASE Technology’s previous annual dividend of $0.36. This represents a dividend yield of 96.0%. ASE Technology’s dividend payout ratio is presently 45.59%.

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.