ASE Technology Holding Co., Ltd. (NYSE:ASX) Receives Consensus Rating of “Hold” from Analysts

Shares of ASE Technology Holding Co., Ltd. (NYSE:ASXGet Rating) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $8.10.

Several brokerages have recently commented on ASX. Zacks Investment Research raised shares of ASE Technology from a “strong sell” rating to a “hold” rating in a research note on Friday, May 27th. StockNews.com upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Saturday, April 23rd.

Several large investors have recently bought and sold shares of the company. CVA Family Office LLC acquired a new position in ASE Technology during the 4th quarter valued at approximately $32,000. National Bank of Canada FI acquired a new position in ASE Technology during the fourth quarter worth $33,000. EverSource Wealth Advisors LLC raised its position in shares of ASE Technology by 299.4% in the first quarter. EverSource Wealth Advisors LLC now owns 4,992 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 3,742 shares during the last quarter. Fieldpoint Private Securities LLC raised its position in shares of ASE Technology by 137.7% in the first quarter. Fieldpoint Private Securities LLC now owns 6,239 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 3,614 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in shares of ASE Technology in the first quarter valued at about $61,000. Institutional investors and hedge funds own 6.48% of the company’s stock.

NYSE ASX traded down $0.06 during trading on Wednesday, hitting $7.10. 111,985 shares of the company’s stock traded hands, compared to its average volume of 6,735,501. The stock has a fifty day moving average of $6.77 and a two-hundred day moving average of $7.19. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.88. ASE Technology has a 12-month low of $6.18 and a 12-month high of $9.62. The firm has a market cap of $15.58 billion, a P/E ratio of 6.43, a PEG ratio of 0.32 and a beta of 1.02.

ASE Technology (NYSE:ASXGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The semiconductor company reported $0.21 EPS for the quarter. The firm had revenue of $5.16 billion during the quarter. ASE Technology had a net margin of 11.49% and a return on equity of 26.31%. As a group, analysts expect that ASE Technology will post 0.87 earnings per share for the current fiscal year.

The business also recently disclosed an annual dividend, which will be paid on Thursday, August 4th. Shareholders of record on Thursday, June 30th will be given a $0.4794 dividend. This represents a yield of 8%. This is a boost from ASE Technology’s previous annual dividend of $0.30. The ex-dividend date is Wednesday, June 29th. ASE Technology’s payout ratio is 20.00%.

About ASE Technology (Get Rating)

ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It offers packaging services, including flip chip ball grid array (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packages, low profile and thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, and 3D chip packages; stacked die solutions in various packages; and copper and silver wire bonding solutions.

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