ASE Technology (ASX) Stock Price, News & Analysis

Company Overview

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. ASE Technology Holding Co., Ltd. was founded in 1984 and is based in Kaohsiung, Taiwan.

Key Stats

• Today's Range: $9.61 to $9.77
• 50-Day Range: $9.51 to $10.74
• 52-Week Range: $8.10 to $12.86
• Volume: 5.70 million shs
• Average Volume: 6.95 million shs
• Market Capitalization: $21.42 billion
• P/E Ratio: 21.69
• Dividend Yield: 2.36%
• Price Target: N/A
• Consensus Rating: Buy

ASE Technology Stock Analysis - MarketRank™

ASE Technology scored higher than 88% of companies evaluated by MarketBeat, and ranked 128th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for ASE Technology.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 68.75%

Earnings Growth

Earnings for ASE Technology are expected to grow by 68.75% in the coming year, from $0.48 to $0.81 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ASE Technology is 21.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.48.

Price to Earnings Ratio vs. Sector

The P/E ratio of ASE Technology is 21.69, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 269.76.

Price to Earnings Growth Ratio

ASE Technology has a PEG Ratio of 0.67. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

ASE Technology has a P/B Ratio of 2.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.55% of the float of ASE Technology has been sold short.

Short Interest Ratio / Days to Cover

ASE Technology has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ASE Technology has recently increased by 16.50%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

ASE Technology pays a meaningful dividend of 2.35%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

ASE Technology does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of ASE Technology is 51.11%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, ASE Technology will have a dividend payout ratio of 28.40% next year. This indicates that ASE Technology will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.55% of the float of ASE Technology has been sold short.

Short Interest Ratio / Days to Cover

ASE Technology has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ASE Technology has recently increased by 16.50%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.81

News Sentiment

ASE Technology has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for ASE Technology this week, compared to 3 articles on an average week.

Search Interest

Only 4 people have searched for ASX on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

5 people have added ASE Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, ASE Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

22.90% of the stock of ASE Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 6.80% of the stock of ASE Technology is held by institutions.

ASX Stock Analysis - Frequently Asked Questions

How have ASX shares performed this year?

ASE Technology's stock was trading at $9.41 at the start of the year. Since then, ASX shares have increased by 3.7% and is now trading at $9.76.
View the best growth stocks for 2024 here.

How were ASE Technology's earnings last quarter?

ASE Technology Holding Co., Ltd. (NYSE:ASX) posted its quarterly earnings data on Thursday, October, 31st. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.02. The semiconductor company had revenue of $4.96 billion for the quarter. ASE Technology had a net margin of 5.47% and a trailing twelve-month return on equity of 10.05%.

Who are ASE Technology's major shareholders?

ASE Technology's top institutional shareholders include Fisher Asset Management LLC (0.69%), Citigroup Inc. (0.20%), Barclays PLC (0.11%) and Natixis Advisors LLC (0.10%).
View institutional ownership trends.

How do I buy shares of ASE Technology?

Shares of ASX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ASE Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ASE Technology investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Taiwan Semiconductor Manufacturing (TSM), Broadcom (AVGO), CrowdStrike (CRWD) and QUALCOMM (QCOM).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NYSE:ASX
• CUSIP: N/A
• CIK: 1122411
• Web: www.aseglobal.com
• Phone: (867) 361-7131
• Fax: 882-2-2757-6121
• Employees: 92,894
• Year Founded: 2016

Profitability

• EPS (Most Recent Fiscal Year): $0.45
• Trailing P/E Ratio: 21.69
• Forward P/E Ratio: 20.33
• P/E Growth: 0.67
• Net Income: $1.16 billion
• Net Margins: 5.47%
• Pretax Margin: 7.31%
• Return on Equity: 10.05%
• Return on Assets: 4.69%

Debt

• Debt-to-Equity Ratio: 0.38
• Current Ratio: 1.18
• Quick Ratio: 0.89

Sales & Book Value

• Annual Sales: $593.73 billion
• Price / Sales: 0.04
• Cash Flow: $1.36 per share
• Price / Cash Flow: 7.17
• Book Value: $4.69 per share
• Price / Book: 2.08

Miscellaneous

• Outstanding Shares: 2,195,089,000
• Free Float: 1,692,414,000
• Market Cap: $21.42 billion
• Optionable: Optionable
• Beta: 1.22