In yesterday’s Wall Street session, ASE Technology Holding Co. Ltd. (NYSE:ASX) shares traded at $6.34, up 0.63% from the previous session.
As of this writing, 20 analysts cover ASE Technology Holding Co. Ltd. (NYSE:ASX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.11 and a low of $7.63, we find $8.81. Given the previous closing price of $6.30, this indicates a potential upside of 39.84 percent. ASX stock price is now 18.68% away from the 50-day moving average and 1.87% away from the 200-day moving average. The market capitalization of the company currently stands at $13.14B.
There are 7 analysts who have given it a hold rating, whereas 10 have given it a buy rating. Brokers who have rated the stock have averaged $9.10 as their price target over the next twelve months.
With the price target reduced from $13.30 to $8.10, Goldman Downgraded its rating from Buy to Neutral for ASE Technology Holding Co. Ltd. (NYSE: ASX)., while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
There have been several recent changes in the stakes of large investors in ASX stock. A new stake in ASE Technology Holding Co. Ltd. shares was purchased by AQR CAPITAL MANAGEMENT LLC during the first quarter worth $4,210,000. SEGANTII CAPITAL MANAGEMENT LTD invested $2,782,000 in shares of ASX during the first quarter. In the first quarter, NOMURA HOLDINGS INC acquired a new stake in ASE Technology Holding Co. Ltd. valued at approximately $1,379,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in ASX for approximately $1,009,000. DELPHI MANAGEMENT INC /MA/ purchased a new stake in ASX valued at around $961,000 in the second quarter. In total, there are 248 active investors with 7.10% ownership of the company’s stock.
Friday morning saw ASE Technology Holding Co. Ltd. (NYSE: ASX) opened at $6.35. During the past 12 months, ASE Technology Holding Co. Ltd. has had a low of $4.45 and a high of $8.15. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 1.20, and a quick ratio of 0.80. The fifty day moving average price for ASX is $5.35 and a two-hundred day moving average price translates $6.22 for the stock.
The latest earnings results from ASE Technology Holding Co. Ltd. (NYSE: ASX) was released for Jun, 2022. According to the Semiconductors Company, earnings per share came in at $0.26, beating analysts’ expectations of $0.24 by 0.02. This compares to $0.24 EPS in the same period last year. The net profit margin was 11.60% and return on equity was 29.20% for ASX. The company reported revenue of $6.21 billion for the quarter, compared to $5.41 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.73 percent. For the current quarter, analysts expect ASX to generate $5.96B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/04/2022. Investors who held shares on 06/30/2022 were paid a $0.46721 dividend. On an annualized basis, this represents a $0.47 dividend and a 7.37% percent yield. There was an ex-dividend date of 06/29/2022 for this dividend.
ASE Technology Holding Co. Ltd.(ASX) Company Profile
ASE Technology Holding Co., Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It offers packaging services, including flip chip ball grid array (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packages, low profile and thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, and 3D chip packages; stacked die solutions in various packages; and copper and silver wire bonding solutions. The company also provides advanced packages, such as flip chip BGA; heat-spreader FCBGA; flip-chip CSP; hybrid FCCSP; flip chip package in package and package on package (POP); advanced single sided substrate; high-bandwidth POP; fan-out wafer-level packaging; SESUB; and 2.5D silicon interposer. In addition, it offers IC wire bonding packages; system-in-package products (SiP) and modules; and interconnect materials, as well as assembles automotive electronic products. Further, the company provides a range of semiconductor testing services, including front-end engineering testing, wafer probing, logic/mixed-signal/RF module and SiP/MEMS/discrete final testing, and other test-related services, as well as drop shipment services. Additionally, it develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology. The company was incorporated in 1984 and is headquartered in Kaohsiung, Taiwan.