ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Rating) received a large increase in short interest in August. As of August 15, there was short interest on a total of 8,960,000 shares, an increase of 32.0% from the July 31 total of 6,790,000 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 5,810,000 shares, the short-term interest rate is currently 1.5 days.
ASE Technology shares down 4.0%
Shares of ASX traded down $0.24 during trading hours on Friday, reaching $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/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 minimum of $4.88 and a one year maximum of $9.40. The firm’s fifty day moving average price is $5.79 and its two hundred day moving average price is $6.55.
ASE technology increases dividends
The firm also recently announced an annual dividend, which was paid on Thursday, August 4. Investors of record on Thursday, June 30, 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 29. ASE Technology payout rate is 29.41%.
Institutional entrances and exits
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Several institutional investors and hedge funds have recently added or reduced their holdings in ASX. Schroder Investment Management Group increased 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 worth $42,115,000 after purchasing an additional 6,924,641 shares during the last quarter. Rafferty Asset Management LLC purchased a new position in ASE Technology during the fourth quarter for $19,718,000. Lazard Asset Management LLC increased 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 worth $114,796,000 after purchasing an additional 2,225,409 shares during the last quarter. Clark Capital Management Group Inc. increased 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 worth $39,573,000 after buying an additional 779,885 shares last quarter. Finally, Bank of America Corp DE increased its stake in ASE Technology by 8.8% during the 1st quarter. Bank of America Corp DE now owns 9,026,713 shares of the semiconductor company worth $63,999,000 after buying an additional 732,662 shares during the last quarter. Currently, 6.48% of the shares belong to hedge funds and other institutional investors.
ASE Technology Company Profile
ASE Technology Holding Co, Ltd. provides a variety of electronic manufacturing and semiconductor testing and packaging services in the United States, Taiwan, the rest of Asia, Europe and internationally. Provides packaging services, including flip chip ball grid array (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packs, low profile and slim quad flat packs, chip carrier impact and quad lead-free flat pack (QFN ) packages, advanced QFN packages, plastic BGA and 3D chip packages; stacked die solutions in various packages; and copper and silver cable joining solutions.
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