Park Avenue Securities LLC Buys 13,415 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Park Avenue Securities LLC raised its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 37.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,923 shares of the semiconductor company’s stock after acquiring an additional 13,415 shares during the period. Park Avenue Securities LLC’s holdings in ASE Technology were worth $538,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in shares of ASE Technology by 35.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,884,868 shares of the semiconductor company’s stock worth $36,557,000 after buying an additional 1,009,795 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in shares of ASE Technology by 8.8% in the 4th quarter. Rafferty Asset Management LLC now owns 3,884,522 shares of the semiconductor company’s stock worth $36,553,000 after buying an additional 313,300 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of ASE Technology by 35.7% in the 4th quarter. BNP Paribas Financial Markets now owns 1,524,413 shares of the semiconductor company’s stock worth $14,345,000 after buying an additional 400,746 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of ASE Technology by 8.0% in the 3rd quarter. American Century Companies Inc. now owns 1,518,089 shares of the semiconductor company’s stock worth $11,416,000 after buying an additional 112,814 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of ASE Technology by 4.9% in the 4th quarter. LSV Asset Management now owns 1,178,477 shares of the semiconductor company’s stock worth $11,089,000 after buying an additional 55,100 shares during the last quarter. 6.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ASX. StockNews.com upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Morgan Stanley downgraded shares of ASE Technology from an “overweight” rating to an “equal weight” rating in a report on Tuesday.

ASE Technology Stock Performance

Shares of NYSE:ASX opened at $11.42 on Friday. The company has a market capitalization of $25.04 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 0.65 and a beta of 1.20. ASE Technology Holding Co., Ltd. has a 12 month low of $7.20 and a 12 month high of $12.23. The firm’s 50-day moving average is $10.87 and its 200 day moving average is $10.22. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.37.

ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $4.24 billion for 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 firm earned $0.09 EPS. Research analysts predict that ASE Technology Holding Co., Ltd. will post 0.62 EPS for the current year.

ASE Technology Cuts Dividend

The firm 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. The ex-dividend date is Tuesday, July 2nd. This represents a dividend yield of 2.2%. ASE Technology’s 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.