ASE Technology (ASX) Insider Korsanos Sells $2.7M of Stock

Antonia Korsanos sold 30,000 shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) on June 16, 2026. The shares were sold at an average price of $90.08 each, bringing the total transaction value to approximately $2.70 million. This transaction was not part of a pre-planned trading program.

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

On June 16, 2026, Antonia Korsanos sold 30,000 shares of ASE Technology at $90.08 per share, totaling $2.70 million. This sale was not under a Rule 10b5-1 plan. On the same day, Jamie Odell also sold 30,000 shares at the same price. A day earlier, both Korsanos and Odell bought 135,000 shares each at $35.42.

Other Institutional Activity in ASE Technology

Several institutional investors adjusted their positions in ASE Technology. BlackRock, Inc. increased its holdings by 2.7 million shares, ending with 22.2 million shares valued at about $481 million. Lazard Asset Management cut its stake by 6.5 million shares, bringing its total to 13.5 million shares worth roughly $293 million. UBS Group AG added 245,443 shares, resulting in a total of 9.3 million shares valued at $201 million. Meanwhile, Acadian Asset Management boosted its position by 1.1 million shares, holding 7.4 million shares valued at $160 million. Bank of America reduced its stake by 1.9 million shares, ending with 6.8 million shares worth $148 million.

ASE Technology Holding Co., Ltd. Stock Down 10.6%

Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) are trading near $36.84. The company has a market cap of approximately $80.8 billion and a P/E ratio of 57.56. The stock's beta is 1.477, indicating a higher volatility compared to the market. Over the past 52 weeks, the stock has ranged from a low of $9.30 to a high of $41.10. Its 50-day moving average is $32.86, while the 200-day moving average is $20.73.

Recent Earnings

In its latest earnings report, ASE Technology generated revenue of $670.9 billion, reflecting a growth of 17.2%. The company reported an EPS of $0.64 and a net margin of 7.04%. Return on equity stood at 13.58%. ASE Technology is scheduled to release its next earnings report on July 30, 2026.

Dividend

ASE Technology offers an annual dividend rate of $0.36, yielding 0.97%. The dividend payout ratio is 50.88%.

Analysts Set New Price Targets

On July 28, 2023, Goldman Sachs upgraded ASE Technology to a "buy" rating with a price target of $9.20. The consensus among analysts is a "strong buy," with a mean target price of $38.65 based on three analyst opinions.

About ASE Technology

ASE Technology Holding Co., Ltd. is a leading provider of semiconductor manufacturing services with a global presence, headquartered in Kaohsiung, Taiwan. The company operates in the Packaging, Testing, and EMS segments, offering a range of services from semiconductor packaging to integrated electronic manufacturing solutions. It serves various industries, including computing, automotive, and communications. Founded in 1984, ASE employs over 107,000 people under the leadership of CEO Mr. Hung-Pen Chang.

Bottom Line

Antonia Korsanos's recent sale of ASE Technology shares is a notable insider transaction, reflecting activity within the company's stock. ASE Technology remains a significant player in the semiconductor industry with strong institutional interest. Investors often track such insider activities to gauge market sentiment, though it's important to remember that these filings are backward-looking and may not reflect the current position.