Goldman Sachs Group Inc. lowered shares of Advanced Semiconductor Engineering (NYSE:ASX) from a buy rating to a neutral rating in a research report released on Friday morning.

ASX has been the subject of a number of other reports. Zacks Investment Research cut Advanced Semiconductor Engineering from a hold rating to a sell rating in a report on Friday, October 28th. Jefferies Group raised Advanced Semiconductor Engineering to a neutral rating in a report on Monday, August 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $6.75.

Advanced Semiconductor Engineering (NYSE:ASX) opened at 5.38 on Friday. Advanced Semiconductor Engineering has a 52-week low of $4.39 and a 52-week high of $6.23. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 15.82 and a beta of 0.62. The stock’s 50 day moving average is $5.74 and its 200 day moving average is $5.68.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASX. NINE MASTS CAPITAL Ltd boosted its position in Advanced Semiconductor Engineering by 1,286.1% in the second quarter. NINE MASTS CAPITAL Ltd now owns 2,849,612 shares of the company’s stock worth $16,187,000 after buying an additional 2,644,027 shares in the last quarter. Fisher Asset Management LLC boosted its position 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. FMR LLC boosted its position in Advanced Semiconductor Engineering by 27.6% in the second quarter. FMR LLC now owns 7,638,475 shares of the company’s stock worth $42,623,000 after buying an additional 1,651,866 shares in the last quarter. Jane Street Group LLC boosted its position in Advanced Semiconductor Engineering by 1,247.6% in the second quarter. Jane Street Group LLC now owns 1,168,873 shares of the company’s stock worth $6,522,000 after buying an additional 1,082,134 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its position in Advanced Semiconductor Engineering by 307.6% in the second quarter. Guggenheim Capital LLC now owns 1,280,786 shares of the company’s stock worth $7,146,000 after buying an additional 966,574 shares in the last quarter. 7.11% of the stock is owned by institutional investors and hedge funds.

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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