Lake Street Advisors Group LLC Takes $205,000 Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Lake Street Advisors Group LLC bought a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 18,630 shares of the semiconductor company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASX. O Shaughnessy Asset Management LLC increased its position in ASE Technology by 35.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 524,243 shares of the semiconductor company’s stock worth $5,761,000 after purchasing an additional 137,164 shares during the period. Acadian Asset Management LLC increased its position in ASE Technology by 89.7% in the first quarter. Acadian Asset Management LLC now owns 9,861,612 shares of the semiconductor company’s stock worth $108,364,000 after purchasing an additional 4,664,258 shares during the period. Henry James International Management Inc. increased its position in ASE Technology by 3.0% in the first quarter. Henry James International Management Inc. now owns 93,788 shares of the semiconductor company’s stock worth $1,031,000 after purchasing an additional 2,714 shares during the period. US Bancorp DE increased its position in ASE Technology by 9.7% in the first quarter. US Bancorp DE now owns 362,254 shares of the semiconductor company’s stock worth $3,981,000 after purchasing an additional 31,930 shares during the period. Finally, Russell Investments Group Ltd. increased its position in ASE Technology by 1,796.7% in the first quarter. Russell Investments Group Ltd. now owns 221,531 shares of the semiconductor company’s stock worth $2,437,000 after purchasing an additional 209,851 shares during the period. 6.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on ASX. Morgan Stanley cut ASE Technology from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 25th. StockNews.com upgraded ASE Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 13th.

ASE Technology Stock Down 0.1 %

Shares of NYSE:ASX traded down $0.01 during trading on Thursday, hitting $10.59. 3,979,277 shares of the company’s stock traded hands, compared to its average volume of 6,068,330. ASE Technology Holding Co., Ltd. has a 52 week low of $7.20 and a 52 week high of $12.86. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.37. The company has a market cap of $23.22 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 0.62 and a beta of 1.21. The company has a 50-day moving average price of $11.29 and a 200-day moving average price of $10.53.

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

ASE Technology Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 2nd will be issued a dividend of $0.3209 per share. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, July 2nd. ASE Technology’s dividend payout ratio (DPR) is presently 50.00%.

ASE Technology Profile

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.