Public Employees Retirement System of Ohio Makes New $627,000 Investment in ASE Technology Holding Co., Ltd. $ASX

Public Employees Retirement System of Ohio purchased a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 13,906 shares of the semiconductor company’s stock, valued at approximately $627,000.

A number of other hedge funds have also modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of ASE Technology by 1.9% during the fourth quarter. Parallel Advisors LLC now owns 25,975 shares of the semiconductor company’s stock worth $418,000 after purchasing an additional 482 shares during the period. Commonwealth Equity Services LLC increased its holdings in ASE Technology by 5.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,223 shares of the semiconductor company’s stock worth $181,000 after buying an additional 589 shares during the period. PNC Financial Services Group Inc. raised its position in ASE Technology by 0.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 120,598 shares of the semiconductor company’s stock worth $1,942,000 after buying an additional 643 shares during the last quarter. Transamerica Financial Advisors LLC raised its position in ASE Technology by 24.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 3,435 shares of the semiconductor company’s stock worth $55,000 after buying an additional 683 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new stake in ASE Technology during the 2nd quarter valued at approximately $33,000. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Stock Up 3.5%

Shares of ASX stock opened at $41.17 on Thursday. ASE Technology Holding Co., Ltd. has a twelve month low of $10.93 and a twelve month high of $45.51. The stock has a market cap of $92.03 billion, a P/E ratio of 47.87 and a beta of 1.71. The stock has a 50 day moving average of $38.35 and a 200 day moving average of $33.11. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. The business had revenue of $81.66 million for the quarter, compared to analyst estimates of $5.96 billion. ASE Technology had a return on equity of 16.12% and a net margin of 8.52%. As a group, sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 1.23 EPS for the current year.

ASE Technology Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, August 7th. Investors of record on Monday, July 6th were issued a dividend of $0.4171 per share. This represents a yield of 96.0%. This is a boost from ASE Technology’s previous annual dividend of $0.36. The ex-dividend date of this dividend was Monday, July 6th. ASE Technology’s payout ratio is currently 34.88%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings raised shares of ASE Technology from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Zacks Research downgraded shares of ASE Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About ASE Technology

ASE Technology Holding Co, Ltd. is a Taiwan-based semiconductor manufacturing services company. Through its subsidiaries, including Advanced Semiconductor Engineering, Inc and Siliconware Precision Industries Co, Ltd., the company provides outsourced semiconductor assembly and testing (OSAT) services for chipmakers and electronics companies.

Its services include semiconductor packaging, wafer probing, final testing, electronic manufacturing services, and related materials and engineering solutions.