The price of ASE Technology Holding Co.Ltd ADR (NYSE:ASX) shares last traded on Wall Street rose 1.51% to $7.38.
ASX stock price is now -5.17% away from the 50-day moving average and -1.62% away from the 200-day moving average. The market capitalization of the company currently stands at $15.88B.
With the price target enhanced from $6.60 to $9.20, Goldman Upgraded its rating from Neutral to Buy for ASE Technology Holding Co.Ltd ADR (NYSE: ASX).
A total of 0.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ASX stock. A new stake in ASE Technology Holding Co.Ltd ADR shares was purchased by RHUMBLINE ADVISERS during the first quarter worth $8,781,000. MAN GROUP PLC invested $5,406,000 in shares of ASX during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in ASE Technology Holding Co.Ltd ADR valued at approximately $4,789,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in ASX for approximately $1,580,000. LARSON FINANCIAL GROUP LLC purchased a new stake in ASX valued at around $1,458,000 in the second quarter. In total, there are 317 active investors with 7.85% ownership of the company’s stock.
During the past 12 months, ASE Technology Holding Co.Ltd ADR 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 0.63, a current ratio of 1.20, and a quick ratio of 0.86. The fifty day moving average price for ASX is $7.77 and a two-hundred day moving average price translates $7.50 for the stock.
The latest earnings results from ASE Technology Holding Co.Ltd ADR (NYSE: ASX) was released for Jun, 2023. According to the Semiconductors Company, earnings per share came in at $0.11, beating analysts’ expectations of $0.09 by 0.02. This compares to $0.26 EPS in the same period last year. The net profit margin was 7.37% and return on equity was 17.08% for ASX. The company reported revenue of $4.44 billion for the quarter, compared to $5.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.56 percent. For the current quarter, analysts expect ASX to generate $5.12B 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 $0.38 dividend and a 5.21% 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 43.58%.
