Advanced Semiconductor Engineering, Inc. (NYSE:ASX) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Separately, Zacks Investment Research upgraded Advanced Semiconductor Engineering from a “sell” rating to a “hold” rating in a report on Wednesday.

Shares of Advanced Semiconductor Engineering (NYSE ASX) traded up 0.80% during midday trading on Friday, reaching $6.31. The company’s stock had a trading volume of 1,416,416 shares. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 17.05 and a beta of 0.43. The stock has a 50-day moving average of $6.24 and a 200 day moving average of $6.01. Advanced Semiconductor Engineering has a 12 month low of $4.89 and a 12 month high of $6.64.

Advanced Semiconductor Engineering (NYSE:ASX) last announced its quarterly earnings results on Friday, April 28th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.04. Advanced Semiconductor Engineering had a return on equity of 12.51% and a net margin of 7.42%. The business had revenue of $2.13 billion during the quarter. On average, analysts predict that Advanced Semiconductor Engineering will post $0.43 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. Ronald Blue & Co. LLC increased its stake in shares of Advanced Semiconductor Engineering by 2.6% in the first quarter. Ronald Blue & Co. LLC now owns 27,458 shares of the semiconductor company’s stock valued at $178,000 after buying an additional 702 shares during the period. World Asset Management Inc increased its stake in shares of Advanced Semiconductor Engineering by 1.5% in the first quarter. World Asset Management Inc now owns 98,701 shares of the semiconductor company’s stock valued at $640,000 after buying an additional 1,432 shares during the period. Comerica Bank increased its stake in shares of Advanced Semiconductor Engineering by 2.2% in the first quarter. Comerica Bank now owns 95,357 shares of the semiconductor company’s stock valued at $602,000 after buying an additional 2,080 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Advanced Semiconductor Engineering by 10.7% in the first quarter. Nuveen Asset Management LLC now owns 40,689 shares of the semiconductor company’s stock valued at $258,000 after buying an additional 3,944 shares during the period. Finally, Eqis Capital Management Inc. increased its stake in shares of Advanced Semiconductor Engineering by 7.0% in the first quarter. Eqis Capital Management Inc. now owns 78,586 shares of the semiconductor company’s stock valued at $509,000 after buying an additional 5,110 shares during the period. Institutional investors own 6.66% 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.

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