Quadrant Capital Group LLC Buys 2,810 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Posted by Defense World Staff on Jun 4th, 2023

Quadrant Capital Group LLC grew its position in ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Rating) by 19.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,235 shares of the semiconductor company’s stock after purchasing an additional 2,810 shares during the quarter. Quadrant Capital Group LLC’s holdings in ASE Technology were worth $108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in ASE Technology during the 3rd quarter worth $34,000. Glassman Wealth Services lifted its position in shares of ASE Technology by 41.8% during the 4th quarter. Glassman Wealth Services now owns 5,392 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 1,589 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in ASE Technology during the 4th quarter valued at approximately $36,000. Flow Traders U.S. LLC acquired a new stake in ASE Technology in the 3rd quarter valued at approximately $52,000. Finally, Drive Wealth Management LLC bought a new position in ASE Technology in the 3rd quarter worth approximately $57,000. 7.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. China Renaissance downgraded shares of ASE Technology from a “buy” rating to a “hold” rating in a research note on Thursday, February 9th. StockNews.com assumed coverage on shares of ASE Technology in a research report on Thursday, May 18th. They issued a “buy” rating on the stock.

ASE Technology Trading Up 2.8 %

Shares of ASX opened at $8.06 on Friday. The stock’s 50-day moving average price is $7.35 and its 200 day moving average price is $7.10. The company has a quick ratio of 0.79, a current ratio of 1.16 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $17.60 billion, a price-to-earnings ratio of 9.71 and a beta of 1.22. ASE Technology Holding Co., Ltd. has a 12-month low of $4.45 and a 12-month high of $8.12.

ASE Technology Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, August 3rd. Investors of record on Monday, July 3rd will be paid a $0.4672 dividend. The ex-dividend date is Friday, June 30th. This represents a dividend yield of 4.5%. ASE Technology’s payout ratio is 42.17%.

About ASE Technology

(Get Rating)

ASE Technology Holding Co, Ltd. engages in the provision of semiconductor manufacturing services. It develops and offers complete turnkey solutions in IC (Integrated Circuit) packaging, design and production of interconnect materials, front-end engineering testing, wafer probing and final testing, as well as electronic manufacturing services.