Stocks of ASE Technology Holding Co. Ltd. (NYSE:ASX) traded higher last session on Wall Street, up 1.47% to $8.26.
According to the data, ASE Technology Holding Co. Ltd. (NYSE:ASX) has 20 analysts covering its stock. 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 $8.14, this indicates a potential upside of 8.23 percent. ASX stock price is now 4.74% away from the 50-day moving average and 18.91% away from the 200-day moving average. The market capitalization of the company currently stands at $15.68B.
A total of 7 analysts have issued a hold rating and 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 maintained at $6.47, HSBC Securities recently Downgraded its rating from Buy to Hold for ASE Technology Holding Co. Ltd. (NYSE: ASX).
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 SCHONFELD STRATEGIC ADVISORS LLC during the first quarter worth $3,515,000. DORSEY WRIGHT & ASSOCIATES invested $3,110,000 in shares of ASX during the first quarter. In the first quarter, NEW YORK STATE COMMON RETIREMENT FUND acquired a new stake in ASE Technology Holding Co. Ltd. valued at approximately $1,811,000. ORION PORTFOLIO SOLUTIONS, LLC acquired a new stake in ASX for approximately $1,355,000. VICTORY CAPITAL MANAGEMENT INC purchased a new stake in ASX valued at around $1,127,000 in the second quarter. In total, there are 298 active investors with 7.10% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $8.12 for ASE Technology Holding Co. Ltd. (NYSE: ASX). During the past 12 months, ASE Technology Holding Co. Ltd. has had a low of $4.45 and a high of $9.03. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 1.20, and a quick ratio of 0.80. The fifty day moving average price for ASX is $7.91 and a two-hundred day moving average price translates $6.96 for the stock.
The latest earnings results from ASE Technology Holding Co. Ltd. (NYSE: ASX) was released for Mar, 2023. According to the Semiconductors Company, earnings per share came in at $0.09, beating analysts’ expectations of $0.07 by 0.02. This compares to $0.22 EPS in the same period last year. The net profit margin was 8.40% and return on equity was 19.60% for ASX. The company reported revenue of $4.31 billion for the quarter, compared to $5.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.46 percent. For the current quarter, analysts expect ASX to generate $4.5B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/03/2023. Investors who held shares on 07/03/2023 were paid a $0.571448 dividend. On an annualized basis, this represents a $0.57 dividend and a 6.92% percent yield. There was an ex-dividend date of 06/30/2023 for this dividend. In terms of dividend payout ratio, ASX is presently at 61.98%.
ASE Technology Holding Co. Ltd.(ASX) Company 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; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology. ASE Technology Holding Co., Ltd. was founded in 1984 and is headquartered in Kaohsiung, Taiwan.
