Advanced Semiconductor Engnrng (NYSE:ASX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm presently has a $8.25 target price on the semiconductor company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.86% from the company’s current price.
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 Engnrng (ASX) traded down $0.16 during midday trading on Tuesday, hitting $7.31. 1,006,111 shares of the company’s stock were exchanged, compared to its average volume of 927,592. The company has a market capitalization of $12,377.22, a PE ratio of 16.61, a PEG ratio of 2.02 and a beta of 0.77. Advanced Semiconductor Engnrng has a 12-month low of $5.86 and a 12-month high of $7.52. The company has a current ratio of 1.37, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Advanced Semiconductor Engnrng by 294.4% during the second quarter. Vanguard Group Inc. now owns 1,550,132 shares of the semiconductor company’s stock worth $9,781,000 after buying an additional 1,157,068 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Advanced Semiconductor Engnrng by 1.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 1,235,453 shares of the semiconductor company’s stock worth $8,006,000 after buying an additional 16,608 shares during the last quarter. Renaissance Group LLC grew its stake in shares of Advanced Semiconductor Engnrng by 6.5% during the third quarter. Renaissance Group LLC now owns 2,509,020 shares of the semiconductor company’s stock worth $15,506,000 after buying an additional 153,273 shares during the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in shares of Advanced Semiconductor Engnrng during the third quarter worth $828,000. Finally, Stifel Financial Corp grew its stake in shares of Advanced Semiconductor Engnrng by 353.2% during the third quarter. Stifel Financial Corp now owns 88,207 shares of the semiconductor company’s stock worth $547,000 after buying an additional 68,742 shares during the last quarter. 6.33% of the stock is currently owned by hedge funds and other institutional investors.
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About Advanced Semiconductor Engnrng
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.
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