Zacks Investment Research upgraded shares of Advanced Semiconductor Engineering (NYSE:ASX) from a sell rating to a hold rating in a research report report published on Friday morning.

According to Zacks, “Advanced Semiconductor Engineering, Inc. is an independent provider of semiconductor packaging services and semiconductor testing services, including front-end engineering testing, wafer probing and final testing services. The company offers packaging and testing services separately and on a turnkey basis. Turnkey services consist of integrated packaging, testing and direct shipment of semiconductors to end users designated by customers. The company is able to expand the traditional scope of turnkey services to offer total semiconductor manufacturing services to customers. “

A number of other equities analysts also recently issued reports on ASX. Goldman Sachs Group Inc. downgraded Advanced Semiconductor Engineering from a buy rating to a neutral rating in a research report on Friday. Jefferies Group raised Advanced Semiconductor Engineering to a neutral rating in a research note on Monday, August 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $6.75.

Shares of Advanced Semiconductor Engineering (NYSE:ASX) opened at 5.38 on Friday. The firm has a 50-day moving average price of $5.74 and a 200 day moving average price of $5.68. The company has a market cap of $8.25 billion, a PE ratio of 15.82 and a beta of 0.62. Advanced Semiconductor Engineering has a 1-year low of $4.39 and a 1-year high of $6.23.

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A number of institutional investors have recently bought and sold shares of ASX. Swarthmore Group Inc. boosted its position in Advanced Semiconductor Engineering by 18.2% in the second quarter. Swarthmore Group Inc. now owns 19,800 shares of the company’s stock valued at $110,000 after buying an additional 3,050 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Advanced Semiconductor Engineering during the third quarter worth about $118,000. BNP Paribas Arbitrage SA purchased a new position in Advanced Semiconductor Engineering during the third quarter worth about $128,000. KCG Holdings Inc. boosted its position in Advanced Semiconductor Engineering by 17.0% in the third quarter. KCG Holdings Inc. now owns 21,799 shares of the company’s stock worth $129,000 after buying an additional 3,167 shares during the last quarter. Finally, Nuveen Fund Advisors LLC boosted its position in Advanced Semiconductor Engineering by 73.4% in the third quarter. Nuveen Fund Advisors LLC now owns 24,518 shares of the company’s stock worth $145,000 after buying an additional 10,378 shares during the last quarter. Institutional investors and hedge funds own 7.11% of the company’s stock.

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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