ASE Technology Holding Co (ASX) is a semiconductor assembly and testing firm. The company operates in segments: Packaging, Testing, and Electronic Manufacturing Services. Of these, Electronic Manufacturing Services contribute the maximum revenue.The packaging segment involves packaging bare semiconductors into completed semiconductors with improved electrical and thermal characteristics.The Testing Segment includes front-end engineering testing, wafer probing, and final testing services.In the EMS segment, the company designs manufactures, and sells electronic components and telecommunication equipment motherboards.The company is based in Taiwan but garners over half its sales from firms in the United States.ASE Technology Holding Co., Ltd. was founded in 1984 and is based in Kaohsiung, Taiwan.Three key data points gauge ASE Technology Holding Co or any dividend paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three keys also best tell whether any company has made, is making, and will make money. ASX PriceShare price rose about 19% in the past year from $8.59 to $10.21, as of Friday’s market close.In the past 3 years the company’s share price has ranged from $12.86 to $4.60. Its all-time high price of $12.86 was reached July 11, 2024.If shares trade in the range of $8.50 to $13 this next year, the recent $10.21 share price might grow to $12.40 Of course, ASX shares could also drop about the same $2.19 estimated amount, or more.My $2.19 price upside estimate is based on the median of one year target estimates from three analysts tracking ASX for brokers.
ASX Dividend
ASE Technology has paid variable annual dividends since September 2007. The company’s most recent A dividend of $0.32 was declared June 5th for shareholders of record prior to July 2nd and the dividend was paid August 5h. A forward looking annual dividend of $0.32 yields 3.13% per Friday’s closing price. ASX ReturnsPutting it all together, a $2.51 estimated annual gross gain per share shows up by adding ASE Technology’s annual $0.32 dividend to the annual average $2.19 median target price from three analysts, totals that $2.51 estimated gross gain.A little over $1000 buys 96 shares at Friday’s $10.21 share price.A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.105 per share out of the $2.51 gross-gain to give us a net gain of 2.405 X 96 shares = $230.88 for about a 23% estimated net gain on the year.Furthermore, the $31.30 annual estimated dividend income from $1k invested in ASX is over 3 times greater than the $10.21 single-share price. By these numbers, ASX may be an ideal technology dividend dog.Therefore, you may want to pounce on ASE Technology. It is a41 year-old variable annual dividend paying chip fab with a 28 year dividend record.The exact track of ASE Technology future price and dividend will entirely be determined by market action and company finances.Remember the best measure of stock value is through direct ownership of shares.More By This Author:Current Report: Ternium SA
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