Siliconware Precisio Downgraded by Credit Suisse to Neutral (SPIL)
Siliconware Precisio (NASDAQ:SPIL) was downgraded by stock analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
Separately, analysts at JPMorgan Chase & Co. downgraded shares of Siliconware Precisio from a “neutral” rating to an “underweight” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Siliconware Precisio currently has a consensus rating of “Hold” and an average target price of $5.60.
Shares of Siliconware Precisio (NASDAQ:SPIL) traded up 1.80% during mid-day trading on Thursday, hitting $6.77. The stock had a trading volume of 543,966 shares. Siliconware Precisio has a 1-year low of $5.11 and a 1-year high of $9.08. The stock’s 50-day moving average is $7.96 and its 200-day moving average is $7.10. The company has a market cap of $4.249 billion and a P/E ratio of 15.11.
Siliconware Precisio (NASDAQ:SPIL) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. Analysts expect that Siliconware Precisio will post $0.55 EPS for the current fiscal year.
The company also recently declared a annual dividend, which is scheduled for Wednesday, August 20th. Stockholders of record on Friday, July 18th will be given a dividend of $0.3015 per share. This represents a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, July 16th.
Siliconware Precision Industries Co, Ltd. is principally engaged in the provision of semiconductor packaging and testing services.
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