ASE Technology Holding Co, a global leader in semiconductor assembly and testing services, has announced a decline in net income for the fourth quarter of 2023 compared to the same period the previous year. Despite this decrease, the company has displayed its dedication to providing consistent shareholder value.
Although the unaudited net revenues for the quarter were down by 9.5% year-over-year, they still showed a 4.2% increase from the previous quarter. The net income attributable to shareholders also declined from the fourth quarter of 2022. However, it is important to note that the net income improved from the third quarter of 2023.
The company’s earnings per share (EPS) also experienced a decline for the quarter. However, ASE Technology has maintained its commitment to shareholder value by consistently paying dividends. With a dividend yield of 4.57% as of the end of 2023, the company has increased its dividend for three consecutive years and has successfully maintained dividend payments for six consecutive years.
InvestingPro Insights highlight the company’s resilience in terms of stock stability and its ability to deliver strong returns. Despite the dynamic nature of the semiconductor industry, ASE Technology demonstrates low price volatility, making it an attractive option for investors seeking stability. Furthermore, the company has achieved a 21.92% total return over the last three months, indicating investor confidence and market performance.
While ASE Technology’s financial performance has faced challenges, the company’s market capitalization remains robust at $18.7 billion. Additionally, it is projected to remain profitable despite an expected sales decline. The company’s current P/E ratio of 15.45 provides insights into its valuation relative to earnings.
Investors looking for a more comprehensive understanding of ASE Technology’s financials and future prospects can access additional tips and insights through InvestingPro. To take advantage of the New Year sale, investors can use coupon codes SFY24 or SFY241 to receive a discount of up to 60% off a subscription. By leveraging the resources available through InvestingPro, investors can gain valuable knowledge about ASE Technology’s market position and potential as an investment opportunity.
FAQs:
1. What is ASE Technology Holding Co?
ASE Technology Holding Co is a global leader in semiconductor assembly and testing services.
2. How did ASE Technology’s net income perform in the fourth quarter of 2023?
ASE Technology’s net income for the fourth quarter of 2023 declined compared to the same period the previous year.
3. How did unaudited net revenues for the quarter compare to the previous quarter?
Unauidted net revenues for the quarter increased by 4.2% compared to the previous quarter.
4. Did the net income attributable to shareholders improve or decline from the third quarter of 2023?
The net income attributable to shareholders improved from the third quarter of 2023.
5. What was ASE Technology’s dividend yield as of the end of 2023?
ASE Technology had a dividend yield of 4.57% as of the end of 2023.
6. How long has ASE Technology maintained dividend payments?
ASE Technology has successfully maintained dividend payments for six consecutive years.
7. What highlights InvestingPro Insights provide about ASE Technology?
InvestingPro Insights highlight ASE Technology’s resilience in terms of stock stability and its ability to deliver strong returns.
8. What is ASE Technology’s market capitalization?
ASE Technology’s market capitalization is currently $18.7 billion.
9. Is ASE Technology projected to remain profitable despite an expected sales decline?
Yes, ASE Technology is projected to remain profitable despite an expected sales decline.
10. What is ASE Technology’s current P/E ratio?
ASE Technology’s current P/E ratio is 15.45.
Definitions:
1. Net income: The amount of profit a company has after deducting expenses and taxes.
2. Shareholder: An individual or organization that owns shares or stocks in a company.
3. EPS (Earnings Per Share): The portion of a company’s profit allocated to each outstanding share of common stock.
4. Dividend yield: A financial ratio that indicates the amount of cash a company returns to its shareholders in the form of dividends relative to its stock price.
5. Market capitalization: The total market value of a company’s outstanding shares.
6. P/E ratio: The price-to-earnings ratio is a valuation ratio that compares a company’s current share price to its earnings per share.
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