ASE Technology Stock Price, News & Analysis

ASE Technology Holding Co. (NYSE: ASX) announced its subsidiary, USI Shanghai, completed the acquisition of Asteelflash Group for $421.5 million, including cash and share consideration. The deal includes an earn-out of up to $42.8 million based on Asteelflash's performance. USI now owns 100% of Asteelflash, enhancing its position in the electronics manufacturing services sector. This acquisition aims to leverage synergies, expand market reach, and combine technological capabilities while retaining Asteelflash's management team.

ASE Technology Holding Co., Ltd. (ASX) reported unaudited consolidated net revenues of NT$ 47,915 million for October 2020, reflecting a 9.1% increase from September 2020 and a 23.5% growth year-over-year. In US dollars, revenues reached $1,652 million, up 10.5% sequentially and 31.3% year-over-year. The ATM assembly and testing reported revenues at NT$ 23,075 million, marking a 0.9% rise from September and a 0.2% increase year-over-year, while US dollar revenues were $796 million, up 2.3% sequentially and 6.5% year-over-year.

ASE Technology Holding Co., Ltd. reported 3Q20 net revenues of NT$123,195 million, marking a 5% year-over-year increase and 15% sequential growth. Net income attributable to shareholders was NT$6,712 million, up from NT$5,734 million in 3Q19, but down from NT$6,937 million in 2Q20. Basic EPS rose to NT$1.57, compared to NT$1.35 in 3Q19 and decreased from NT$1.63 in 2Q20. However, gross margin dropped to 16.0%, and operating margin decreased to 7.4% due to rising costs. The company has a current ratio of 1.33 and a net debt to equity ratio of 0.75.

TAIPEI, Taiwan, R.O.C., Oct. 8, 2020 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (ASX) reported unaudited consolidated net revenues for September 2020 of NT$ 43,926 million, a 4.7% increase from August and a 6.8% increase year-over-year. For Q3 2020, revenues reached NT$ 123,195 million, up 14.5% sequentially and 4.8% year-over-year. The company also revealed September ATM assembly revenues of NT$ 22,859 million, reflecting a 7.8% decline from August. Other financial highlights included solid growth in other segments, emphasizing the company's resilient performance amidst market challenges.

ASE Technology Holding Co. reported its August 2020 unaudited consolidated net revenues, achieving NT$ 41,944 million (approximately US$ 1,424 million), marking a 12.4% increase month-over-month and a 4.8% increase year-over-year. The ATM assembly and testing segment generated NT$ 24,787 million, up 2.5% from July and 8.3% year-over-year. Overall, the results reflect strong demand within the semiconductor sector amid fluctuating market conditions.

ASE Technology Holding Co., Ltd. (NYSE: ASX) reported its unaudited consolidated net revenues for July 2020, amounting to NT$37,326 million (US$1,264 million), reflecting a sequential increase of 2.4% from June's NT$36,458 million and a year-over-year increase of 2.6% from NT$36,376 million.

The net revenues from its ATM assembly, testing, and material business for July 2020 reached NT$24,175 million (US$819 million), showing a sequential rise of 3.1% from June and a significant year-over-year increase of 11.6% from NT$21,668 million.

ASE Technology Holding Co., Ltd. (ASX) reported a significant increase in 2Q20 performance, with net revenues reaching NT$107,549 million, up 19% year-over-year and 11% sequentially. The net income attributable to shareholders surged to NT$6,937 million, compared to NT$2,690 million in 2Q19. Basic earnings per share rose to NT$1.63, up from NT$0.63 a year ago. Gross margin also improved to 17.5%, while operating margin increased to 7.8%. The company reported capital expenditures of US$495 million in the quarter, showcasing strong investment in growth and operations.

ASE Technology Holding Co. reported solid financial results with June 2020 consolidated net revenues reaching NT$36,458 million, reflecting a 1.9% increase from May and a 15.5% year-over-year growth. For Q2 2020, net revenues were NT$107,549 million, up 10.5% sequentially and 18.5% year-over-year. The ATM assembly and testing segment also performed well, generating NT$23,447 million in June, marking a 1.2% monthly and 13.8% yearly increase. The strong revenue figures demonstrate robust demand across ASEH's business operations.