Advanced Semiconductor Engnrng (ASX) Downgraded to “Hold” at Zacks Investment Research

Advanced Semiconductor Engnrng (NYSE:ASX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

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 (NYSE:ASX) traded up $0.09 during midday trading on Friday, hitting $6.64. The stock had a trading volume of 1,357,747 shares, compared to its average volume of 1,052,741. The company has a market capitalization of $11,136.19, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 1.82 and a beta of 0.72. Advanced Semiconductor Engnrng has a 52-week low of $5.86 and a 52-week high of $7.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.37.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASX. Schafer Cullen Capital Management Inc. grew its holdings in Advanced Semiconductor Engnrng by 22.6% during the second quarter. Schafer Cullen Capital Management Inc. now owns 9,126,192 shares of the semiconductor company’s stock worth $57,586,000 after buying an additional 1,683,909 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Advanced Semiconductor Engnrng during the third quarter worth $7,532,000. Vanguard Group Inc. grew its holdings in 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 in the last quarter. Fisher Asset Management LLC grew its holdings in Advanced Semiconductor Engnrng by 2.8% during the fourth quarter. Fisher Asset Management LLC now owns 31,437,341 shares of the semiconductor company’s stock worth $203,714,000 after buying an additional 864,217 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Advanced Semiconductor Engnrng by 493.6% during the fourth quarter. BlackRock Inc. now owns 617,770 shares of the semiconductor company’s stock worth $4,004,000 after buying an additional 513,700 shares in the last quarter. Hedge funds and other institutional investors own 5.84% of the company’s stock.

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Advanced Semiconductor Engnrng 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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