Legacy Wealth Asset Management LLC Increases Stock Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Legacy Wealth Asset Management LLC grew its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 3.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 242,081 shares of the semiconductor company’s stock after acquiring an additional 8,213 shares during the period. ASE Technology comprises 0.7% of Legacy Wealth Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding. Legacy Wealth Asset Management LLC’s holdings in ASE Technology were worth $2,660,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Bleakley Financial Group LLC lifted its position in shares of ASE Technology by 4.5% during the fourth quarter. Bleakley Financial Group LLC now owns 31,170 shares of the semiconductor company’s stock worth $293,000 after purchasing an additional 1,353 shares in the last quarter. Simplicity Solutions LLC boosted its position in ASE Technology by 4.5% in the 4th quarter. Simplicity Solutions LLC now owns 31,170 shares of the semiconductor company’s stock valued at $293,000 after buying an additional 1,353 shares during the period. Claro Advisors LLC grew its stake in shares of ASE Technology by 4.2% in the first quarter. Claro Advisors LLC now owns 37,798 shares of the semiconductor company’s stock worth $415,000 after acquiring an additional 1,529 shares in the last quarter. Caprock Group LLC increased its position in shares of ASE Technology by 2.9% during the fourth quarter. Caprock Group LLC now owns 57,308 shares of the semiconductor company’s stock worth $539,000 after acquiring an additional 1,615 shares during the period. Finally, BSW Wealth Partners raised its stake in shares of ASE Technology by 4.4% in the fourth quarter. BSW Wealth Partners now owns 54,557 shares of the semiconductor company’s stock valued at $513,000 after acquiring an additional 2,316 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Stock Up 1.9 %

Shares of ASX stock traded up $0.21 on Thursday, reaching $11.23. 4,046,211 shares of the stock were exchanged, compared to its average volume of 5,399,553. The company has a market capitalization of $24.62 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 0.62 and a beta of 1.21. The business’s 50 day moving average price is $10.93 and its 200 day moving average price is $10.27. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.37. ASE Technology Holding Co., Ltd. has a twelve month low of $7.20 and a twelve month high of $12.23.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the company posted $0.09 earnings per share. As a group, sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 0.62 earnings per share for the current fiscal year.

ASE Technology Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, August 2nd. Stockholders 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 dividend yield of 2.2%. ASE Technology’s dividend payout ratio is presently 50.00%.

Analyst Ratings Changes

Several research firms recently commented on ASX. StockNews.com raised ASE Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. Morgan Stanley downgraded 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.