Cerity Partners LLC Acquires 140,413 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Cerity Partners LLC lifted its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 107.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 271,246 shares of the semiconductor company’s stock after acquiring an additional 140,413 shares during the period. Cerity Partners LLC’s holdings in ASE Technology were worth $2,376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in ASE Technology in the fourth quarter worth approximately $320,000. Raymond James Financial Inc. purchased a new stake in ASE Technology in the 4th quarter valued at approximately $1,102,000. HighTower Advisors LLC boosted its stake in shares of ASE Technology by 14.6% during the 4th quarter. HighTower Advisors LLC now owns 34,445 shares of the semiconductor company’s stock worth $347,000 after acquiring an additional 4,377 shares in the last quarter. Corient Private Wealth LLC lifted its stake in ASE Technology by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 170,215 shares of the semiconductor company’s stock valued at $1,714,000 after buying an additional 1,869 shares in the last quarter. Finally, Xponance Inc. purchased a new position in shares of ASE Technology during the 4th quarter worth $103,000. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Stock Down 0.6%

Shares of NYSE ASX opened at $10.52 on Friday. The stock has a fifty day moving average price of $10.11 and a 200 day moving average price of $9.79. The company has a current ratio of 1.04, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The company has a market cap of $23.22 billion, a P/E ratio of 22.38, a P/E/G ratio of 0.56 and a beta of 1.24. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $11.37.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). ASE Technology had a return on equity of 10.35% and a net margin of 5.62%. The business had revenue of $4.59 billion during the quarter, compared to analyst estimates of $143.62 billion. Research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

ASE Technology Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 2nd will be paid a $0.359 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a yield of 2.3%. This is a boost from ASE Technology’s previous annual dividend of $0.32. ASE Technology’s payout ratio is presently 55.32%.

ASE Technology Profile

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.