ASE Technology (NYSE:ASX) Sets New 12-Month High at $11.78
Shares of ASE Technology Holding Co., Ltd. hit a new 52-week high on Tuesday. The stock rose as high as $11.78 and last traded at $11.76, with a trading volume of 249,853 shares. Previously, the stock closed at $11.53.
Analyst Ratings Changes
In a recent development, StockNews.com upgraded ASE Technology from a “hold” rating to a "buy" rating on Thursday, June 13th.
ASE Technology Trading Up 3.6%
The company's performance has been notable:
- Market Cap: $26.17 billion
- P/E Ratio: 25.96
- Price-to-Earnings Growth Ratio: 0.65
- Beta: 1.20
The stock has shown growth with a fifty-day simple moving average of $10.75 and a 200-day simple moving average of $10.09. Additionally, the company maintains a debt-to-equity ratio of 0.37, quick ratio of 0.92, and current ratio of 1.19.
Recent Earnings Report
ASE Technology's latest earnings report was released on Thursday, April 25th:
- Reported $0.08 EPS for the quarter, which was below the analysts' expectation of $0.10.
- Revenue for the quarter was $4.24 billion.
The company's return on equity was 10.09% and it had a net margin of 5.41%. These metrics illustrate the company's financial health and profitability.
ASE Technology Cuts Dividend
ASE Technology declared an annual dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 2nd will receive a $0.3209 dividend, equating to a dividend yield of 2.2%. The company’s dividend payout ratio currently stands at 91.31%.
Hedge Funds Weigh In On ASE Technology
Several institutional investors and hedge funds have shown interest in ASE Technology. Here are some notable updates:
- Acadian Asset Management LLC increased its stake by 89.7% in the 1st quarter.
- Goldman Sachs Group Inc. increased its stake by 35.1% in the 4th quarter.
- Envestnet Asset Management Inc. boosted its stake by 37.0% in the 3rd quarter.
- Connor Clark & Lunn Investment Management Ltd. increased its stake by 65.4% in the 3rd quarter.
- Qube Research & Technologies Ltd raised its stake by 287.8% in the 3rd quarter.
Currently, 6.80% of ASE Technology’s stock is owned by hedge funds and institutional investors.
About ASE Technology
ASE Technology Holding Co., Ltd., along with its subsidiaries, specializes in semiconductor packaging and testing and electronic manufacturing services. The company operates in the United States, Taiwan, Asia, Europe, and internationally. They also engage in:
- Real estate development and management
- Substrate production
- Information software services
- Equipment leasing
- Investment advisory
- Warehousing and logistics management
The firm offers a wide range of services from telecommunications equipment to computer peripheral processing.
In summary, ASE Technology Holding Co., Ltd. has shown strong performance and growth, making it an attractive prospect for investors and analysts alike.
