ASE Technology (NYSE:ASX) Announces Quarterly Earnings Results, Meets Expectations

ASE Technology (NYSE:ASX) issued its earnings results on Thursday. The semiconductor company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11, Zacks reports. The company had revenue of $4.33 billion during the quarter. ASE Technology had a return on equity of 9.88% and a net margin of 5.38%. During the same quarter in the prior year, the company earned $0.12 earnings per share.

ASE Technology Stock Performance

Shares of ASX stock opened at $10.34 on Friday. The business’s fifty day simple moving average is $11.29 and its 200-day simple moving average is $10.54. The company has a market cap of $22.67 billion, a PE ratio of 22.48, a PEG ratio of 0.71 and a beta of 1.21. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.37. ASE Technology has a 12-month low of $7.20 and a 12-month high of $12.86.

ASE Technology Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 2nd will be paid a dividend of $0.3209 per share. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, July 2nd. ASE Technology’s dividend payout ratio is presently 50.00%.

Analyst Ratings Changes

Several research firms recently weighed in on ASX. Morgan Stanley downgraded ASE Technology from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 25th. StockNews.com upgraded ASE Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th.

About ASE Technology

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; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.