Legacy Wealth Asset Management LLC Has $6.09 Million Stock Holdings in ASE Technology Holding Co., Ltd. $ASX

Legacy Wealth Asset Management LLC trimmed its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 15.9% in the second quarter, Holdings Channel reports. The firm owned 135,007 shares of the semiconductor company’s stock after selling 25,596 shares during the quarter. ASE Technology comprises approximately 1.3% of Legacy Wealth Asset Management LLC’s investment portfolio, making the stock its 11th biggest position. Legacy Wealth Asset Management LLC’s holdings in ASE Technology were worth $6,092,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ASX. Parallel Advisors LLC raised its stake in shares of ASE Technology by 1.9% during the 4th quarter. Parallel Advisors LLC now owns 25,975 shares of the semiconductor company’s stock worth $418,000 after purchasing an additional 482 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of ASE Technology by 5.5% in the fourth 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 in the last quarter. Vest Financial LLC grew its stake in shares of ASE Technology by 5.2% in the fourth 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 in the last quarter. PNC Financial Services Group Inc. increased its holdings in ASE Technology by 0.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 120,598 shares of the semiconductor company’s stock worth $1,942,000 after buying an additional 643 shares during the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings in ASE Technology by 24.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 3,435 shares of the semiconductor company’s stock worth $55,000 after buying an additional 683 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company’s stock.

Analysts Set New Price Targets

ASX has been the topic of several analyst reports. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of ASE Technology in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.

ASE Technology Price Performance

NYSE:ASX opened at $37.43 on Monday. ASE Technology Holding Co., Ltd. has a 12-month low of $9.52 and a 12-month high of $45.51. The firm has a market capitalization of $83.22 billion, a price-to-earnings ratio of 43.52 and a beta of 1.71. The stock’s 50 day moving average price is $38.92 and its two-hundred day moving average price is $30.36. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.54.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. ASE Technology had a return on equity of 16.12% and a net margin of 8.52%.The business had revenue of $81.66 million during the quarter, compared to the consensus estimate of $5.96 billion. On average, analysts anticipate that ASE Technology Holding Co., Ltd. will post 1.21 earnings per share for the current year.

ASE Technology Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, August 7th. Stockholders of record on Monday, July 6th were paid a dividend of $0.4171 per share. The ex-dividend date was Monday, July 6th. This represents a dividend yield of 96.0%. This is a boost from ASE Technology’s previous annual dividend of $0.36. ASE Technology’s dividend payout ratio is 34.88%.

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.