Advisors Asset Management Inc. Sells 25,052 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Advisors Asset Management Inc. trimmed its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 13.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 165,782 shares of the semiconductor company’s stock after selling 25,052 shares during the period. Advisors Asset Management Inc.’s holdings in ASE Technology were worth $1,822,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Simplicity Solutions LLC lifted its position in ASE Technology by 4.5% during the fourth quarter. Simplicity Solutions LLC now owns 31,170 shares of the semiconductor company’s stock valued at $293,000 after acquiring an additional 1,353 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in ASE Technology by 4.5% in the fourth quarter. Bleakley Financial Group LLC now owns 31,170 shares of the semiconductor company’s stock worth $293,000 after purchasing an additional 1,353 shares during the last quarter. Claro Advisors LLC increased its position in shares of ASE Technology by 4.2% during the first quarter. Claro Advisors LLC now owns 37,798 shares of the semiconductor company’s stock worth $415,000 after purchasing an additional 1,529 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of ASE Technology by 2.9% during the 4th quarter. Caprock Group LLC now owns 57,308 shares of the semiconductor company’s stock valued at $539,000 after purchasing an additional 1,615 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its position in shares of ASE Technology by 4.7% in the 1st quarter. Atomi Financial Group Inc. now owns 37,579 shares of the semiconductor company’s stock worth $413,000 after purchasing an additional 1,701 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Trading Down 0.2 %

NYSE ASX opened at $10.34 on Friday. The stock has a market cap of $22.67 billion, a P/E ratio of 22.48, a P/E/G ratio of 0.71 and a beta of 1.21. 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 Holding Co., Ltd. has a 12-month low of $7.20 and a 12-month high of $12.86. The company has a fifty day simple moving average of $11.29 and a two-hundred day simple moving average of $10.54.

ASE Technology (NYSE:ASX) last issued its earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $4.33 billion during the quarter. ASE Technology had a return on equity of 9.88% and a net margin of 5.38%. During the same quarter last year, the business earned $0.12 EPS. On average, analysts forecast that ASE Technology Holding Co., Ltd. will post 0.51 earnings per share for the current year.

ASE Technology Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, August 2nd. Investors 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 is Tuesday, July 2nd. ASE Technology’s dividend payout ratio (DPR) is 50.00%.

Analyst Ratings Changes

Several research analysts recently issued reports on ASX shares. Morgan Stanley lowered ASE Technology from an “overweight” rating to an “equal weight” rating in a research 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.