ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Rating ) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totaling 8,960,000 shares, an increase of 32.0% from the July 31st total of 6,790,000 shares. Currently, 0.4% of the company’s shares are sold. Based on an average trading volume of 5,810,000 shares, the ratio of short interest is currently 1.5 days.
ASE Technology share falls 4.0%
Shares of ASX traded down $0.24 during trading hours on Friday, hitting $5.82. The company had a trading volume of 7,868,524 shares, compared to its average volume of 6,253,663. The company has a market capitalization of $12.77 billion, a PE ratio of 4.89, a price-to-earnings-growth ratio of 0.28 and a beta of 1.13. The company has a current ratio of 1.18, a quick ratio of 0.83, and a debt-to-equity ratio of 0.50. ASE Technology has a one year low of $4.88 and a one year high of $9.40. The company’s fifty day moving average price is $5.79 and its two hundred day moving average price is $6.55.
ASE technology increases the dividend
The firm also recently announced an annual dividend, which was paid on Thursday, August 4th. Investors of record on Thursday, June 30th were paid a dividend of $0.4794 per share. This represents a yield of 8%. This is an increase from ASE Technology’s previous annual dividend of $0.30. The ex-dividend date of this dividend was Wednesday, June 29th. ASE Technology’s payout ratio is 29.41%.
Institutional inflows and outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the ASX. Schroder Investment Management Group raised its stake in ASE Technology by 179.4% during the fourth quarter. Schroder Investment Management Group now owns 10,785,001 shares of the semiconductor company’s stock valued at $42,115,000 after buying an additional 6,924,641 shares during the last quarter. Rafferty Asset Management LLC purchased a new position in ASE Technology during the 4th quarter valued at $19,718,000. Lazard Asset Management LLC raised its stake in ASE Technology by 15.9% during the first quarter. Lazard Asset Management LLC now owns 16,191,596 shares of the semiconductor company’s stock valued at $114,796,000 after buying an additional 2,225,409 shares during the last quarter. Clark Capital Management Group Inc. raised its stake in ASE Technology by 16.2% during the first quarter. Clark Capital Management Group Inc. now owns 5,581,503 shares of the semiconductor company’s stock valued at $39,573,000 after purchasing an additional 779,885 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in ASE Technology by 8.8% during the first quarter. Bank of America Corp DE now owns 9,026,713 shares of the semiconductor company’s stock valued at $63,999,000 after buying an additional 732,662 shares during the last quarter. 6.48% of the shares are currently owned by hedge funds and other institutional investors.
ASE Technology Company Profile
ASE Technology Holding Co., Ltd. offers a range of semiconductor packaging and test, as well as electronic manufacturing services in the United States, Taiwan, the rest of Asia, Europe and internationally. It provides packaging services including flip chip ball grid array (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packages, square profile flat packages low and thin chip-carrier, bumped and quad ring lead-free (QFN ) packages, advanced QFN packages, plastic BGA and 3D chip packages; solutions stacked in different packages; and copper and silver wire bonding solutions.
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