M&T Bank Corp Acquires 1,837 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

M&T Bank Corp lifted its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 15.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,012 shares of the semiconductor company’s stock after purchasing an additional 1,837 shares during the period. M&T Bank Corp’s holdings in ASE Technology were worth $123,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Ninety One UK Ltd raised its stake in ASE Technology by 4.3% during the 1st quarter. Ninety One UK Ltd now owns 128,302 shares of the semiconductor company’s stock worth $1,124,000 after acquiring an additional 5,231 shares during the period. Infini Capital Management Ltd bought a new stake in ASE Technology during the 1st quarter worth approximately $3,952,000. Capital Management Associates Inc raised its stake in ASE Technology by 99.4% during the 1st quarter. Capital Management Associates Inc now owns 19,940 shares of the semiconductor company’s stock worth $175,000 after acquiring an additional 9,940 shares during the period. Crossmark Global Holdings Inc. raised its stake in ASE Technology by 1.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 1,569,296 shares of the semiconductor company’s stock worth $13,747,000 after acquiring an additional 25,182 shares during the period. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of ASE Technology during the first quarter valued at approximately $158,000. Institutional investors own 6.80% of the company’s stock.

ASE Technology Price Performance

ASX stock opened at $10.52 on Friday. ASE Technology Holding Co., Ltd. has a 52 week low of $6.94 and a 52 week high of $11.37. The company has a quick ratio of 0.82, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $10.11 and a two-hundred day simple moving average of $9.79. The firm has a market capitalization of $23.22 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 0.56 and a beta of 1.24.

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

ASE Technology Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 2nd will be issued a $0.359 dividend. This is an increase from ASE Technology’s previous annual dividend of $0.32. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, July 2nd. 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.