LSV Asset Management has recently disclosed a reduction in its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX – Free Report), marking a decrease of 25.8% in the 1st quarter. As indicated by the most recent Form 13F filing with the SEC, the firm’s ownership of the semiconductor company’s stock fell to 874,677 shares after disposing of 303,800 shares during the specified period. The value of LSV Asset Management’s holdings in ASE Technology was reported at $9,613,000 in its most recent SEC filing.
It has been noted that other prominent investors have made significant adjustments to their positions relating to ASE Technology. American Century Companies Inc. raised its stake in ASE Technology by 8.0% during the third quarter, now possessing 1,518,089 shares of the semiconductor company’s stock. Furthermore, Curated Wealth Partners LLC and Dfpg Investments LLC have also increased their holdings in ASE Technology during the fourth quarter, further influencing the performance of the company’s stocks. Institutional investors currently account for 6.80% of the company’s stock.
Analysts on Wall Street have been predicting growth for ASE Technology. StockNews.com upgraded ASE Technology from a “hold” rating to a “buy” rating in a research report on June 13th. Conversely, Morgan Stanley downgraded ASE Technology from an “overweight” rating to an “equal weight” rating in a research report on June 25th.
The market reflected a 4.8% decline in ASE Technology stock with an opening price of $11.90 on Friday. Maintaining a market cap of $26.09 billion and a P/E ratio of 25.87, ASE Technology’s stock exhibits significant volatility. The company’s 50-day and 200-day moving averages suggest challenging market trends.
Regarding its quarterly earnings data, ASE Technology reported $0.08 EPS for the quarter, falling short of the consensus estimate of $0.10 by ($0.02). These figures are indicative of the company’s performance, which has consequently led to a decrease in the dividend payout ratio, currently standing at 50.00%. Furthermore, the company recently announced an annual dividend, yielding 2.2%.
ASE Technology Holding Co., Ltd. continues to operate on a global scale, providing semiconductor packaging and testing, and electronic manufacturing services across various regions. Additionally, the company is involved in real estate management, information software, leasing services, and the processing and sale of various electronic equipment.
In light of the ongoing market developments and company performance, it is imperative for investors to meticulously evaluate their position in ASE Technology. Adherence to current market trends and analyst forecasts is advised before making any investment decisions.
For more in-depth information and insights on ASE Technology and other market trends, readers are encouraged to explore further reputable sources and industry analysis.