ASE Expertise (NYSE:ASX) Shares Hole As much as $11.23


Shares of ASE Expertise Holding Co., Ltd. (NYSE:ASX – Get Free Report) gapped up previous to buying and selling on Friday . The inventory had beforehand closed at $11.23, however opened at $11.53. ASE Expertise shares final traded at $11.35, with a quantity of 764,318 shares altering fingers.

Wall Avenue Analysts Forecast Development

ASX has been the topic of a lot of latest analyst studies. Morgan Stanley minimize ASE Expertise from an “chubby” ranking to an “equal weight” ranking in a analysis report on Tuesday, June twenty fifth. StockNews.com upgraded shares of ASE Expertise from a “maintain” ranking to a “purchase” ranking in a analysis be aware on Thursday, June thirteenth.

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ASE Expertise Inventory Up 2.4 %

The corporate has a debt-to-equity ratio of 0.37, a present ratio of 1.19 and a fast ratio of 0.92. The agency has a market capitalization of $25.21 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 0.63 and a beta of 1.21. The enterprise has a 50 day shifting common worth of $10.98 and a 200 day shifting common worth of $10.30.

ASE Expertise (NYSE:ASX – Get Free Report) final launched its earnings outcomes on Thursday, April twenty fifth. The semiconductor firm reported $0.08 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.10 by ($0.02). ASE Expertise had a web margin of 5.41% and a return on fairness of 10.09%. The enterprise had income of $4.24 billion through the quarter. Throughout the identical quarter within the prior 12 months, the enterprise earned $0.09 earnings per share. On common, analysts predict that ASE Expertise Holding Co., Ltd. will put up 0.62 earnings per share for the present 12 months.

ASE Expertise Cuts Dividend

The enterprise additionally just lately declared an annual dividend, which will probably be paid on Friday, August 2nd. Shareholders of file on Tuesday, July 2nd will probably be issued a $0.3209 dividend. This represents a yield of two.2%. The ex-dividend date is Tuesday, July 2nd. ASE Expertise’s dividend payout ratio (DPR) is presently 50.00%.

Institutional Inflows and Outflows

Institutional traders and hedge funds have just lately made adjustments to their positions within the inventory. Seven Eight Capital LP purchased a brand new stake in shares of ASE Expertise within the third quarter price roughly $701,000. Penserra Capital Administration LLC lifted its place in shares of ASE Expertise by 151.3% within the third quarter. Penserra Capital Administration LLC now owns 113,654 shares of the semiconductor firm’s inventory price $854,000 after buying an extra 68,430 shares through the interval. Graham Capital Administration L.P. purchased a brand new stake in shares of ASE Expertise within the third quarter price roughly $1,677,000. American Century Firms Inc. lifted its place in shares of ASE Expertise by 8.0% within the third quarter. American Century Firms Inc. now owns 1,518,089 shares of the semiconductor firm’s inventory price $11,416,000 after buying an extra 112,814 shares through the interval. Lastly, Curated Wealth Companions LLC boosted its place in shares of ASE Expertise by 17.9% through the 4th quarter. Curated Wealth Companions LLC now owns 21,315 shares of the semiconductor firm’s inventory valued at $201,000 after buying an extra 3,234 shares within the final quarter. Institutional traders personal 6.80% of the corporate’s inventory.

About ASE Expertise

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ASE Expertise Holding Co, Ltd., along with its subsidiaries, gives semiconductors packaging and testing, and digital manufacturing providers in america, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages actual property properties; produces substrates; presents info software program, tools leasing, funding advisory, and warehousing administration providers; industrial advanced, after-sales, and help providers; manages parking zone providers; processes and sells laptop and communication peripherals, digital elements, telecommunications tools, and motherboards; and imports and exports items and expertise.

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