Advanced Semiconductor Engineering, Inc. (NYSE:ASX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

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. “

Advanced Semiconductor Engineering (NYSE:ASX) last released its quarterly earnings data on Friday, October 27th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.12. The business had revenue of $2.44 billion during the quarter. Advanced Semiconductor Engineering had a net margin of 8.74% and a return on equity of 13.80%.

COPYRIGHT VIOLATION NOTICE: “Zacks Investment Research Downgrades Advanced Semiconductor Engineering, Inc. (ASX) to Sell” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/11/02/zacks-investment-research-downgrades-advanced-semiconductor-engineering-inc-asx-to-sell.html.

A number of hedge funds have recently added to or reduced their stakes in the stock. Atria Investments LLC increased its position in Advanced Semiconductor Engineering by 4.5% during the 2nd quarter. Atria Investments LLC now owns 46,329 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 1,988 shares in the last quarter. Cambiar Investors LLC increased its position in Advanced Semiconductor Engineering by 4.2% during the 2nd quarter. Cambiar Investors LLC now owns 80,236 shares of the semiconductor company’s stock worth $506,000 after purchasing an additional 3,263 shares in the last quarter. Empirical Finance LLC increased its position in Advanced Semiconductor Engineering by 24.4% during the 2nd quarter. Empirical Finance LLC now owns 17,341 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 3,396 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Advanced Semiconductor Engineering by 10.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 38,607 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 3,558 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in Advanced Semiconductor Engineering by 10.7% during the 1st quarter. Nuveen Asset Management LLC now owns 40,689 shares of the semiconductor company’s stock worth $258,000 after purchasing an additional 3,944 shares in the last quarter. Institutional investors and hedge funds own 5.83% 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.

Receive News & Stock Ratings for Advanced Semiconductor Engineering Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Semiconductor Engineering Inc. and related stocks with our FREE daily email newsletter.