Advanced Semiconductor Engnrng (ASX) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Advanced Semiconductor Engnrng (NYSE:ASX) from a hold rating to a buy rating in a report released on Thursday, February 8th. They currently have $7.50 price objective on the semiconductor company’s stock.

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. “

Shares of Advanced Semiconductor Engnrng (NYSE ASX) traded down $0.01 during midday trading on Thursday, hitting $6.88. The stock had a trading volume of 442,216 shares, compared to its average volume of 938,628. Advanced Semiconductor Engnrng has a twelve month low of $5.86 and a twelve month high of $7.52. The firm has a market capitalization of $11,384.40, a PE ratio of 15.64, a PEG ratio of 1.86 and a beta of 0.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.05.

Institutional investors have recently bought and sold shares of the company. Icon Wealth Partners LLC purchased a new stake in shares of Advanced Semiconductor Engnrng in the 4th quarter valued at about $100,000. Dean Capital Investments Management LLC purchased a new stake in Advanced Semiconductor Engnrng during the 4th quarter valued at approximately $105,000. First Trust Advisors LP purchased a new stake in Advanced Semiconductor Engnrng during the 4th quarter valued at approximately $110,000. BNP Paribas Arbitrage SA raised its stake in Advanced Semiconductor Engnrng by 95.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 17,597 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 8,574 shares during the last quarter. Finally, FDx Advisors Inc. purchased a new stake in Advanced Semiconductor Engnrng during the 3rd quarter valued at approximately $110,000. 5.85% of the stock is owned by institutional investors and hedge funds.

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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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