NYSE:ASX ASE Technology (ASX) Stock Price, News & Analysis → Top Project Outperforms BTC in 2023… (From Crypto 101 Media) (Ad) Free ASX Stock Alerts $11.00 +0.02 (+0.18%) (As of 03/27/2024 ET) Add Compare Share Share Today's Range$10.79▼$11.0250-Day Range$8.87▼$11.6652-Week Range$6.70▼$11.68Volume6.71 million shsAverage Volume6.28 million shsMarket Capitalization$24.02 billionP/E Ratio23.40Dividend Yield3.82%Price Target$7.84 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get ASE Technology alerts: Email Address ASE Technology MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside28.8% Downside$7.84 Price TargetShort InterestHealthy0.46% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.96Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth28.36%From $0.67 to $0.86 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.51 out of 5 starsComputer And Technology Sector221st out of 588 stocksSemiconductors & Related Devices Industry29th out of 87 stocks 1.3 Analyst's Opinion Consensus RatingASE Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.84, ASE Technology has a forecasted downside of 28.8% from its current price of $11.00.Amount of Analyst CoverageASE Technology has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.46% of the float of ASE Technology has been sold short.Short Interest Ratio / Days to CoverASE Technology has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in ASE Technology has recently increased by 13.55%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipASE Technology is a leading dividend payer. It pays a dividend yield of 3.82%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthASE Technology has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of ASE Technology is 89.36%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, ASE Technology will have a dividend payout ratio of 48.84% next year. This indicates that ASE Technology will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ASX. Previous Next 2.8 News and Social Media Coverage News SentimentASE Technology has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for ASE Technology this week, compared to 2 articles on an average week.Search InterestOnly 12 people have searched for ASX on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.MarketBeat FollowsOnly 11 people have added ASE Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -81% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, ASE Technology insiders have not sold or bought any company stock.Percentage Held by Insiders22.90% of the stock of ASE Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 6.80% of the stock of ASE Technology is held by institutions. Previous Next 4.4 Earnings and Valuation Earnings GrowthEarnings for ASE Technology are expected to grow by 28.36% in the coming year, from $0.67 to $0.86 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ASE Technology is 23.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 148.14.Price to Earnings Ratio vs. SectorThe P/E ratio of ASE Technology is 23.40, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 277.07.Price to Earnings Growth RatioASE Technology has a PEG Ratio of 0.57. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioASE Technology has a P/B Ratio of 2.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. 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It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology. ASE Technology Holding Co., Ltd. was founded in 1984 and is headquartered in Kaohsiung, Taiwan.Read More ASX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASX Stock News HeadlinesMarch 26, 2024 | stocknews.com3 Chip Stocks to Buy With Strong Market PerformanceMarch 20, 2024 | stockhouse.comASE's VIPack(TM) Enables Innovational AI Devices Through Advanced Interconnect Technology for ChipletsMarch 28, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.March 20, 2024 | businesswire.comASE’s VIPack™ Enables Innovational AI Devices Through Advanced Interconnect Technology for ChipletsMarch 18, 2024 | americanbankingnews.comShort Interest in ASE Technology Holding Co., Ltd. (NYSE:ASX) Drops By 5.1%March 16, 2024 | finance.yahoo.comASX Apr 2024 12.500 putMarch 13, 2024 | finance.yahoo.comUSI Introduces Innovative 150KW Power Module for xEVs Traction InvertersMarch 11, 2024 | nasdaq.comASE Technology Feb. Net Revenues DeclineMarch 28, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.March 11, 2024 | prnewswire.comASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*March 4, 2024 | edition.cnn.comASE Technology Holding Co., Ltd. Sponsored ADRFebruary 27, 2024 | stocknews.com3 Semiconductor Stocks You Need in Your March InvestmentsFebruary 16, 2024 | ca.finance.yahoo.comASX Jun 2024 17.500 callFebruary 15, 2024 | markets.businessinsider.comASE Technology January Net Revenues Rise From Last Year, Down SequentiallyFebruary 15, 2024 | finance.yahoo.comASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*February 15, 2024 | prnewswire.comASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*February 15, 2024 | finance.yahoo.comASX Sep 2024 12.500 callFebruary 14, 2024 | finance.yahoo.comASX Feb 2024 12.500 callFebruary 4, 2024 | seekingalpha.comASE Technology Holding: May Be Due For A Bigger CorrectionFebruary 2, 2024 | finance.yahoo.comASE Technology Holding Co., Ltd. (NYSE:ASX) Q4 2023 Earnings Call TranscriptFebruary 1, 2024 | stocknews.com3 Chip Stocks That Investors LoveFebruary 1, 2024 | benzinga.comRecap: ASE Tech Holding Co Q4 EarningsFebruary 1, 2024 | finance.yahoo.comZacks.com featured highlights include First Bank, CEMEX, Costamare, ASE Technology and Summit Hotel PropertiesFebruary 1, 2024 | finance.yahoo.comASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Fourth Quarter and the Full Year of 2023February 1, 2024 | msn.comASE Technology Q4 2023 Earnings PreviewJanuary 31, 2024 | markets.businessinsider.comHere's what to expect from ASE Industrial's earningsJanuary 17, 2024 | stocknews.com3 Semiconductor Stocks Worth Watching in 2024See More Headlines Receive ASX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for ASE Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings1/31/2024Today3/28/2024Next Earnings (Estimated)4/25/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorComputer and Technology Industry Semiconductors & related devices Sub-IndustryN/A Current SymbolNYSE:ASX CUSIPN/A CIK1122411 Webwww.aseglobal.com Phone(867) 361-7131Fax882-2-2757-6121Employees97,079Year Founded2016Price Target and Rating Average Stock Price Target$7.84 High Stock Price Target$9.20 Low Stock Price Target$6.47 Potential Upside/Downside-28.8%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.47 Trailing P/E Ratio23.40 Forward P/E Ratio16.42 P/E Growth0.57Net Income$1.02 billion Net Margins5.44% Pretax Margin7.32% Return on Equity10.31% Return on Assets4.63% Debt Debt-to-Equity Ratio0.32 Current Ratio1.18 Quick Ratio0.89 Sales & Book Value Annual Sales$18.69 billion Price / Sales1.29 Cash Flow$1.31 per share Price / Cash Flow8.42 Book Value$4.68 per share Price / Book2.35Miscellaneous Outstanding Shares2,183,620,000Free Float1,683,572,000Market Cap$24.02 billion OptionableOptionable Beta1.24 Social Links Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Hung-Pen Chang (Age 77)Vice Chairman, GM & President Mr. Kwai Mun Lee (Age 61)President of Southeast Asia Operations Mr. Chen-Yen Wei (Age 69)Chairman, President of Universal Scientific Industrial & GM of UGTW Mr. Gilles Benhamou (Age 69)CEO of Asteelflash Technologie & Chairman Asteelflash Suzhou Co., Ltd. Mr. Rutherford Chang (Age 44)Director Mr. Joseph Tung (Age 65)Group CFO & Representative Director Dr. Tien Yu Wu (Age 66)Group COO & Representative Director Mr. Murphy KuoSenior VP, Accountant Manager & Group ControllerMr. Dtuang Wang (Age 64)Chief Administrative Officer, Chief Corporate Governance Officer & Company Secretary Mr. Kenneth Hsiang (Age 53)Head of Investor Relations & VP More ExecutivesKey CompetitorsGLOBALFOUNDRIESNASDAQ:GFSUnited MicroelectronicsNYSE:UMCSkyworks SolutionsNASDAQ:SWKSOnsemiNASDAQ:ONMonolithic Power SystemsNASDAQ:MPWRView All CompetitorsInstitutional OwnershipPNC Financial Services Group Inc.Sold 2,703 shares on 3/22/2024Ownership: 0.006%Hennessy Advisors Inc.Bought 2,710 shares on 3/14/2024Ownership: 0.001%Sivia Capital Partners LLCBought 37,454 shares on 3/13/2024Ownership: 0.002%Fisher Asset Management LLCSold 3,807,384 shares on 3/5/2024Ownership: 0.794%Goldman Sachs Group Inc.Bought 1,009,795 shares on 3/1/2024Ownership: 0.178%View All Institutional Transactions Should I Buy ASE Technology Stock? ASX Pros and Cons Explained These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of ASE Technology was last updated on Monday, March 25, 2024 at 11:13 PM. Pros Here are some ways that investors could benefit from investing in ASE Technology Holding Co., Ltd.: ASE Technology Holding Co., Ltd. provides semiconductor packaging and testing services, which are essential components in the technology industry. The company operates internationally, allowing investors to diversify their portfolio geographically. Recent developments show a positive trend in the company's financial performance, potentially leading to stock price appreciation. ASE Technology Holding Co., Ltd. offers a range of services beyond semiconductors, providing additional revenue streams and business stability. The company's strategic partnerships and collaborations enhance its market position and growth prospects. Cons Investors should be bearish about investing in ASE Technology Holding Co., Ltd. for these reasons: The semiconductor industry is highly competitive and subject to rapid technological advancements, posing risks to ASE Technology Holding Co., Ltd.'s market share. Global economic uncertainties could impact the demand for semiconductor services, affecting the company's revenue and profitability. Fluctuations in raw material prices and supply chain disruptions may impact the company's production costs and margins. Regulatory changes in different regions where ASE Technology Holding Co., Ltd. operates could affect its operations and financial performance. Investors should carefully monitor the stock price movements and market conditions before making investment decisions in ASE Technology Holding Co., Ltd. ASX Stock Analysis - Frequently Asked Questions Should I buy or sell ASE Technology stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ASE Technology in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ASX shares. View ASX analyst ratings or view top-rated stocks. What is ASE Technology's stock price target for 2024? 2 analysts have issued 1 year target prices for ASE Technology's shares. Their ASX share price targets range from $6.47 to $9.20. On average, they anticipate the company's stock price to reach $7.84 in the next twelve months. This suggests that the stock has a possible downside of 28.8%. View analysts price targets for ASX or view top-rated stocks among Wall Street analysts. How have ASX shares performed in 2024? ASE Technology's stock was trading at $9.41 at the beginning of the year. Since then, ASX stock has increased by 16.9% and is now trading at $11.00. View the best growth stocks for 2024 here. Are investors shorting ASE Technology? ASE Technology saw a increase in short interest in March. As of March 15th, there was short interest totaling 9,890,000 shares, an increase of 13.5% from the February 29th total of 8,710,000 shares. Based on an average daily trading volume, of 6,050,000 shares, the short-interest ratio is presently 1.6 days. Currently, 0.5% of the shares of the company are sold short. View ASE Technology's Short Interest. When is ASE Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our ASX earnings forecast. How were ASE Technology's earnings last quarter? ASE Technology Holding Co., Ltd. (NYSE:ASX) posted its quarterly earnings data on Wednesday, January, 31st. The semiconductor company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The semiconductor company earned $5.05 billion during the quarter. ASE Technology had a net margin of 5.44% and a trailing twelve-month return on equity of 10.31%. During the same period last year, the business earned $0.23 earnings per share. How often does ASE Technology pay dividends? What is the dividend yield for ASE Technology? ASE Technology announced an annual dividend on Wednesday, May 31st. Shareholders of record on Monday, July 3rd will be paid a dividend of $0.4672 per share on Thursday, August 3rd. This represents a dividend yield of 4.5%. The ex-dividend date is Friday, June 30th. Read our dividend analysis for ASX. Is ASE Technology a good dividend stock? ASE Technology (NYSE:ASX) pays an annual dividend of $0.42 per share and currently has a dividend yield of 3.82%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 89.36%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ASX will have a dividend payout ratio of 48.84% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ASX. What ETFs hold ASE Technology's stock? ETFs with the largest weight of ASE Technology (NYSE:ASX) stock in their portfolio include AdvisorShares Dorsey Wright ADR ETF (AADR), Amplify International Enhanced Dividend Income ETF (IDVO), Distillate International Fundamental Stability & Value ETF (DSTX), Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM), iShares Semiconductor ETF (SOXX), Direxion Daily Semiconductors Bull 3x Shares (SOXL) and Avantis Emerging Markets Value ETF (AVES).Avantis Responsible Emerging Markets Equity ETF (AVSE). What is Jason C. S. Chang's approval rating as ASE Technology's CEO? 25 employees have rated ASE Technology Chief Executive Officer Jason C. S. Chang on Glassdoor.com. Jason C. S. Chang has an approval rating of 80% among the company's employees. What other stocks do shareholders of ASE Technology own? Based on aggregate information from My MarketBeat watchlists, some companies that other ASE Technology investors own include Nokia Oyj (NOK), Cisco Systems (CSCO), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA), AT&T (T), Advanced Micro Devices (AMD), EnLink Midstream (ENLC), Inovio Pharmaceuticals (INO) and Pfizer (PFE). Who are ASE Technology's major shareholders? ASE Technology's stock is owned by many different institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (0.91%), Fisher Asset Management LLC (0.79%), UBS Group AG (0.42%), Schroder Investment Management Group (0.26%), Goldman Sachs Group Inc. (0.18%) and Goldman Sachs Group Inc. (0.18%). View institutional ownership trends. How do I buy shares of ASE Technology? Shares of ASX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. 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