BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys Shares of 262,426 ASE Technology Holding Co., Ltd. (NYSE:ASX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 262,426 shares of the semiconductor company’s stock, valued at approximately $2,997,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in ASE Technology by 1,796.7% in the first quarter. Russell Investments Group Ltd. now owns 221,531 shares of the semiconductor company’s stock valued at $2,437,000 after purchasing an additional 209,851 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of ASE Technology in the first quarter valued at about $812,000. Capstone Investment Advisors LLC raised its position in shares of ASE Technology by 640.1% during the first quarter. Capstone Investment Advisors LLC now owns 107,192 shares of the semiconductor company’s stock worth $1,178,000 after acquiring an additional 92,708 shares during the last quarter. Moran Wealth Management LLC acquired a new position in shares of ASE Technology in the fourth quarter worth approximately $5,345,000. Finally, Virtu Financial LLC bought a new stake in ASE Technology in the fourth quarter valued at approximately $667,000. 6.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. StockNews.com upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Morgan Stanley lowered shares of ASE Technology from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 25th.

ASE Technology Stock Up 1.5 %

Shares of ASE Technology stock opened at $9.99 on Monday. The firm has a market cap of $21.93 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 0.66 and a beta of 1.21. The stock’s 50-day moving average is $10.50 and its 200 day moving average is $10.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.17 and a quick ratio of 0.90. ASE Technology Holding Co., Ltd. has a one year low of $7.25 and a one year high of $12.86.

ASE Technology (NYSE:ASX) last posted its quarterly 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 firm had revenue of $4.33 billion for the quarter. ASE Technology had a return on equity of 9.90% and a net margin of 5.38%. During the same quarter in the previous year, the company posted $0.12 earnings per share. Equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.51 EPS for the current year.

ASE Technology Cuts Dividend

The business also recently declared an annual dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 2nd were issued a $0.3209 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, July 2nd. ASE Technology’s payout ratio is 50.00%.

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.