ASE Technology (NYSE:ASX) Issues Quarterly Earnings Results

ASE Technology (NYSE:ASX) released its earnings results on Thursday. The semiconductor company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11, Zacks reports. ASE Technology had a net margin of 5.41% and a return on equity of 10.09%. The firm had revenue of $4.33 billion for the quarter. During the same quarter in the previous year, the firm earned $0.12 earnings per share.

ASE Technology Price Performance

ASX traded down $0.02 during trading on Friday, reaching $10.34. 7,917,109 shares of the company were exchanged, compared to its average volume of 6,133,245. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.37. The company has a market cap of $22.67 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 0.60 and a beta of 1.21. ASE Technology has a 12-month low of $7.20 and a 12-month high of $12.86. The company’s 50-day moving average is $11.29 and its two-hundred day moving average is $10.53.

ASE Technology Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 2nd will be given a $0.3209 dividend. 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%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley lowered 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 research note on Thursday, June 13th.

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.