Banque Cantonale Vaudoise Buys 44,451 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Banque Cantonale Vaudoise lifted its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 350.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 57,117 shares of the semiconductor company’s stock after buying an additional 44,451 shares during the quarter. Banque Cantonale Vaudoise’s holdings in ASE Technology were worth $628,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Securities Inc. acquired a new position in ASE Technology in the 4th quarter valued at $41,000. GAMMA Investing LLC bought a new position in ASE Technology during the fourth quarter worth about $52,000. Pathstone Family Office LLC acquired a new stake in ASE Technology in the 3rd quarter worth about $93,000. BetterWealth LLC bought a new stake in ASE Technology in the 4th quarter valued at about $94,000. Finally, Capital Management Associates Inc bought a new stake in ASE Technology in the 4th quarter valued at about $94,000. Institutional investors own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ASE Technology Price Performance

ASX stock opened at $11.58 on Friday. The company’s 50-day moving average price is $10.78 and its two-hundred day moving average price is $10.13. ASE Technology Holding Co., Ltd. has a 12 month low of $7.20 and a 12 month high of $12.23. 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 firm has a market cap 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 (NYSE:ASX) last announced its quarterly earnings data 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 firm had revenue of $4.24 billion during the quarter. ASE Technology had a net margin of 5.41% and a return on equity of 10.09%. During the same quarter last year, the business earned $0.09 earnings per share. On average, analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.62 earnings per share 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 given a $0.3209 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, July 2nd. ASE Technology’s dividend payout ratio is presently 91.31%.

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.