The stock of ASE Technology Holding Co.Ltd ADR (NYSE:ASX) last traded at $7.71, down -0.13% from the previous session.
Data from the available sources indicates that ASE Technology Holding Co.Ltd ADR (NYSE:ASX) is covered by 20 analysts. 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 $7.72, this indicates a potential upside of 14.12 percent. ASX stock price is now 0.01% away from the 50-day moving average and 1.38% away from the 200-day moving average. The market capitalization of the company currently stands at $16.59B.
In total, 7 analysts have assigned it 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 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 $9,174,000. MAN GROUP PLC invested $5,648,000 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 $5,004,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in ASX for approximately $1,651,000. LARSON FINANCIAL GROUP LLC purchased a new stake in ASX valued at around $1,524,000 in the second quarter. In total, there are 317 active investors with 7.83% ownership of the company’s stock.
With an opening price of $7.82 on Friday morning, ASE Technology Holding Co.Ltd ADR (NYSE: ASX) set off the trading day. During the past 12 months, ASE Technology Holding Co.Ltd ADR has had a low of $4.87 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 $7.71 and a two-hundred day moving average price translates $7.61 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 7.89% 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 4.95% 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%.
ASE Technology Holding Co.Ltd ADR(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.
