Advanced Semiconductor Engineering (NYSE:ASX) has been given an average rating of “Buy” by the six ratings firms that are covering the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised Advanced Semiconductor Engineering from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st. TheStreet raised Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating in a research note on Monday, June 20th. Finally, Jefferies Group raised Advanced Semiconductor Engineering to a “neutral” rating in a research note on Monday, August 1st.

Shares of Advanced Semiconductor Engineering (NYSE:ASX) traded up 1.175% during midday trading on Monday, hitting $6.111. The stock had a trading volume of 278,536 shares. The stock has a market cap of $9.36 billion, a PE ratio of 16.296 and a beta of 0.58. The firm has a 50 day moving average price of $5.97 and a 200 day moving average price of $5.61. Advanced Semiconductor Engineering has a one year low of $4.39 and a one year high of $6.23.

Large investors have recently bought and sold shares of the stock. Emerald Acquisition Ltd. bought a new stake in Advanced Semiconductor Engineering during the second quarter worth about $1,202,000. World Asset Management Inc raised its stake in Advanced Semiconductor Engineering by 8.3% in the second quarter. World Asset Management Inc now owns 97,931 shares of the company’s stock worth $546,000 after buying an additional 7,529 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Advanced Semiconductor Engineering by 228.5% in the second quarter. Bank of New York Mellon Corp now owns 61,422 shares of the company’s stock worth $342,000 after buying an additional 42,724 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Advanced Semiconductor Engineering during the second quarter worth about $183,000. Finally, Fisher Asset Management LLC raised its stake in Advanced Semiconductor Engineering by 8.7% in the second quarter. Fisher Asset Management LLC now owns 28,801,597 shares of the company’s stock worth $159,273,000 after buying an additional 2,306,612 shares in the last quarter. 7.23% of the stock is currently owned by institutional investors.

Advanced Semiconductor Engineering Company Profile

Advanced Semiconductor Engineering, Inc is a provider of semiconductor packaging and testing services. The Company offers a range of semiconductors packaging, testing and electronic manufacturing services (EMS). The Company’s segments include Packaging, Testing, EMS and Others. The Company provides services in packaging bare semiconductors into finished semiconductors with a range of electrical and thermal characteristics, as well as testing services, including front-end engineering testing, wafer probing and final testing services.

5 Day Chart for NYSE:ASX

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