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NYSE:ASX

ASE Technology (ASX) Stock Price, News & Analysis

$10.99
-0.01 (-0.09%)
(As of 04:10 PM ET)
Today's Range
$10.92
$11.08
50-Day Range
$8.87
$11.66
52-Week Range
$6.70
$11.68
Volume
4.21 million shs
Average Volume
6.25 million shs
Market Capitalization
$24.00 billion
P/E Ratio
23.38
Dividend Yield
3.82%
Price Target
$7.84

ASE Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
28.7% Downside
$7.84 Price Target
Short Interest
Healthy
0.46% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.96mentions of ASE Technology in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
28.36%
From $0.67 to $0.86 Per Share

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.

3.52 out of 5 stars

Computer And Technology Sector

219th out of 587 stocks

Semiconductors & Related Devices Industry

32nd out of 91 stocks

ASX stock logo

About ASE Technology Stock (NYSE:ASX)

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; 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.

ASX Stock Price History

ASX Stock News Headlines

$25,000 into $109,616 in two months?
Today I want to show you how our research shows you could’ve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time…
ASX Apr 2024 12.500 put
ASE Technology Feb. Net Revenues Decline
$25,000 into $109,616 in two months?
Today I want to show you how our research shows you could’ve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time…
ASE Technology Holding Co., Ltd. Sponsored ADR
ASX Jun 2024 17.500 call
ASX Sep 2024 12.500 call
ASX Feb 2024 12.500 call
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ASE Technology Q4 2023 Earnings Preview
Here's what to expect from ASE Industrial's earnings
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See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Today
3/28/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
97,079
Year Founded
2016

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$1.02 billion
Pretax Margin
7.32%

Debt

Sales & Book Value

Annual Sales
$18.69 billion
Cash Flow
$1.31 per share
Book Value
$4.68 per share

Miscellaneous

Outstanding Shares
2,183,620,000
Free Float
1,683,572,000
Market Cap
$24.02 billion
Optionable
Optionable
Beta
1.24

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Key Executives

  • Mr. 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 Kuo
    Senior VP, Accountant Manager & Group Controller
  • Mr. Dtuang Wang (Age 64)
    Chief Administrative Officer, Chief Corporate Governance Officer & Company Secretary
  • Mr. Kenneth Hsiang (Age 53)
    Head of Investor Relations & VP

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 equities research analysts have issued "buy," "hold," and "sell" ratings for ASE Technology in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities 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 Wall Street analysts have issued 12-month price targets for ASE Technology's stock. 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 28.7%.
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 2024. Since then, ASX shares have increased by 16.8% and is now trading at $10.99.
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 days-to-cover ratio is presently 1.6 days. Currently, 0.5% of the company's shares are short sold.
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) announced its earnings results on Wednesday, January, 31st. The semiconductor company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The semiconductor company had revenue of $5.05 billion for 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 quarter in the previous year, the company earned $0.23 EPS.

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. Investors of record on Monday, July 3rd will be given a dividend of $0.4672 per share on Thursday, August 3rd. This represents a 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 3.87%. 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 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 a variety of institutional and retail investors. Top institutional shareholders 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.
Compare Top Brokerages Here.

This page (NYSE:ASX) was last updated on 3/28/2024 by MarketBeat.com Staff

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