ASE Technology Holding Co., Ltd. (NYSE:ASX) Stock Position Decreased by Sivia Capital Partners LLC

Sivia Capital Partners LLC lowered its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 3.9% during the first quarter, HoldingsChannel.com reports. The fund owned 36,005 shares of the semiconductor company’s stock after selling 1,449 shares during the period. Sivia Capital Partners LLC’s holdings in ASE Technology were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ASX. Goldman Sachs Group Inc. lifted its holdings in shares of ASE Technology by 35.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,884,868 shares of the semiconductor company’s stock worth $36,557,000 after purchasing an additional 1,009,795 shares during the last quarter. Rafferty Asset Management LLC boosted its position in ASE Technology by 8.8% during the 4th quarter. Rafferty Asset Management LLC now owns 3,884,522 shares of the semiconductor company’s stock valued at $36,553,000 after purchasing an additional 313,300 shares during the period. BNP Paribas Financial Markets boosted its position in ASE Technology by 35.7% during the 4th quarter. BNP Paribas Financial Markets now owns 1,524,413 shares of the semiconductor company’s stock valued at $14,345,000 after purchasing an additional 400,746 shares during the period. American Century Companies Inc. boosted its position in ASE Technology by 8.0% during the 3rd quarter. American Century Companies Inc. now owns 1,518,089 shares of the semiconductor company’s stock valued at $11,416,000 after purchasing an additional 112,814 shares during the period. Finally, LSV Asset Management boosted its position in ASE Technology by 4.9% during the 4th quarter. LSV Asset Management now owns 1,178,477 shares of the semiconductor company’s stock valued at $11,089,000 after purchasing an additional 55,100 shares during the period. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Stock Performance

ASX stock traded up $0.14 during trading on Wednesday, reaching $11.16. 1,508,007 shares of the company’s stock were exchanged, compared to its average volume of 5,817,596. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.37. ASE Technology Holding Co., Ltd. has a 1-year low of $7.20 and a 1-year high of $12.23. The company’s fifty day moving average price is $10.91 and its 200-day moving average price is $10.27. The firm has a market cap of $24.47 billion, a PE ratio of 24.01, a P/E/G ratio of 0.64 and a beta of 1.21.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). ASE Technology had a return on equity of 10.09% and a net margin of 5.41%. The business had revenue of $4.24 billion for the quarter. During the same period in the previous year, the business earned $0.09 EPS. On average, research analysts expect that ASE Technology Holding Co., Ltd. will post 0.62 EPS for the current fiscal year.

ASE Technology Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.3209 per share. The ex-dividend date is Tuesday, July 2nd. This represents a yield of 2.2%. ASE Technology’s dividend payout ratio (DPR) is presently 91.31%.

Analyst Ratings Changes

ASX has been the subject of a number of analyst reports. StockNews.com upgraded ASE Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Morgan Stanley lowered ASE Technology from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 25th.

About ASE Technology

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.