Bank of America 13F: Cuts ASE Technology (ASX) Stake by $71M

Bank of America Reduces Stake in ASE Technology Holding Co., Ltd.

Bank of America trimmed its exposure to ASE Technology Holding Co., Ltd. (NYSE:ASX) during the period, cutting its holdings by 1,936,538 shares. That adjustment represents a 22.1% decrease from the prior period, leaving the institution with 6,833,800 shares. Based on the reporting window, the remaining stake carried a value of roughly $251.5 million. Because 13F filings look backward at institutional activity, the snapshot shows where the position stood at the close of the reporting window and may not reflect current holdings.

Shifts in ASE Technology Holding Co., Ltd. Stock Price

Shares of ASE Technology Holding Co., Ltd. trade around $36.80 as of Friday, moving within a 52-week band stretching from a low of $10.93 up to $45.52. The equity sits near its 50-day moving average of $38.06 while remaining well above its longer-term 200-day trend line near $29.37. With a forward P/E ratio of 22.4 based on expected earnings, the valuation frames how institutional investors weigh the firm against its semiconductor peers.

Recent Earnings Performance

ASE Technology Holding Co., Ltd. posted substantial revenue figures totaling $711.2 billion alongside positive annual revenue growth of 26.7%. Profitability metrics show a net margin of 8.5% and a return on equity of 17.0%, paired with an earnings per share figure of $0.82. The next quarterly report is scheduled for October 29, 2026, giving market participants a fresh look at operational results.

Dividend Profile

Income-focused investors tracking ASE Technology Holding Co., Ltd. note an annual dividend rate of $0.42 per share, delivering a dividend yield of 1.0%. The payout ratio sits at 51.0%, indicating that roughly half of earnings go back to shareholders via dividends.

Insider Buying and Selling at ASE Technology Holding Co., Ltd.

Executive trading activity has seen several notable moves from company leaders in June 2026. Chief Administration Officer Du-Tsuen Uang executed a series of sales, starting on June 18, 2026, by parting with 3,000 shares at an average price of $611.00 for a total of $1.83 million. Uang followed that up by selling 5,000 shares on June 22, 2026, at $667.00 per share worth $3.34 million, and another 3,000 shares on June 23, 2026, at $697.00 per share valued at $2.09 million. Earlier in the month, Antonia Korsanos bought 135,000 shares on June 15, 2026, at $35.42 each for a total of $4.78 million, while Jamie Odell and Antonia Korsanos each sold 30,000 shares on June 16, 2026, at $90.08 per share, netting $2.70 million apiece.

What ASE Technology Holding Co., Ltd. Does

Headquartered in Kaohsiung, Taiwan, ASE Technology Holding Co., Ltd. provides semiconductor manufacturing services globally. The business operates specialized segments focused on packaging, testing, and electronic manufacturing services, handling everything from wafer probing and advanced packaging to integrated solutions for computing, automotive, and server hardware.

Looking Ahead After the Filing

Bank of America's decision to scale back its investment sits alongside active insider selling and buying during June. Observers will track future SEC disclosures and the upcoming October earnings release to see how major institutions adjust their portfolios heading into the final stretch of the year.