Inscription Capital LLC Acquires Shares of 17,998 ASE Technology Holding Co., Ltd. (NYSE:ASX)

Inscription Capital LLC acquired a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,998 shares of the semiconductor company’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its position in shares of ASE Technology by 35.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,884,868 shares of the semiconductor company’s stock valued at $36,557,000 after purchasing an additional 1,009,795 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of ASE Technology by 37.0% in the third quarter. Envestnet Asset Management Inc. now owns 2,966,914 shares of the semiconductor company’s stock valued at $22,311,000 after purchasing an additional 801,771 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of ASE Technology by 65.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,754,966 shares of the semiconductor company’s stock valued at $13,197,000 after purchasing an additional 694,048 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of ASE Technology by 287.8% in the third quarter. Qube Research & Technologies Ltd now owns 830,349 shares of the semiconductor company’s stock valued at $6,244,000 after purchasing an additional 616,250 shares during the last quarter. Finally, Moran Wealth Management LLC acquired a new position in shares of ASE Technology in the fourth quarter valued at approximately $5,345,000. Institutional investors own 6.80% of the company’s stock.

ASE Technology Trading Down 1.4 %

Shares of NYSE:ASX opened at $11.58 on Friday. The company has a market capitalization of $25.39 billion, a P/E ratio of 25.17, a P/E/G ratio of 0.66 and a beta of 1.20. ASE Technology Holding Co., Ltd. has a 1 year low of $7.20 and a 1 year high of $12.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 0.92. The business’s 50 day simple moving average is $10.78 and its 200 day simple moving average is $10.12.

ASE Technology (NYSE:ASX) last issued 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). The company had revenue of $4.24 billion for the quarter. ASE Technology had a return on equity of 10.09% and a net margin of 5.41%. During the same quarter in the prior year, the company earned $0.09 earnings per share. On average, research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.62 EPS for the current fiscal year.

ASE Technology Cuts Dividend

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

Analyst Ratings Changes

Separately, StockNews.com raised ASE Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th.

ASE Technology Company 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.