Advanced Semiconductor Engineering (NYSE:ASX) gapped up prior to trading on Thursday . The stock had previously closed at $5.65, but opened at $5.69. Advanced Semiconductor Engineering shares last traded at $5.79, with a volume of 525,739 shares changing hands.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research note on Tuesday, May 3rd. Nomura Holdings Inc. downgraded shares of Advanced Semiconductor Engineering from a “buy” rating to a “reduce” rating in a research note on Friday, April 22nd. Finally, TheStreet upgraded shares of Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating in a research note on Monday, June 20th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $5.50.

The firm has a market capitalization of $8.80 billion and a price-to-earnings ratio of 15.97. The stock’s 50-day moving average price is $5.53 and its 200 day moving average price is $5.38.

Advanced Semiconductor Engineering (NYSE:ASX) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.01. Equities research analysts expect that Advanced Semiconductor Engineering will post $0.44 earnings per share for the current year.

A number of large investors have recently made changes to their positions in ASX. Renaissance Group LLC boosted its stake in shares of Advanced Semiconductor Engineering by 2.3% in the fourth quarter. Renaissance Group LLC now owns 2,324,471 shares of the company’s stock worth $13,180,000 after buying an additional 52,598 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Advanced Semiconductor Engineering by 1.5% in the fourth quarter. Schroder Investment Management Group now owns 8,925,606 shares of the company’s stock valued at $50,609,000 after buying an additional 133,242 shares in the last quarter. Deere & Co. bought a new stake in shares of Advanced Semiconductor Engineering during the fourth quarter valued at $1,068,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Advanced Semiconductor Engineering by 7.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,846,929 shares of the company’s stock valued at $10,472,000 after buying an additional 133,242 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Advanced Semiconductor Engineering by 5.1% in the fourth quarter. Advisors Asset Management Inc. now owns 180,185 shares of the company’s stock valued at $1,022,000 after buying an additional 8,805 shares in the last quarter.

Advanced Semiconductor Engineering, Inc is an independent provider of semiconductor packaging and testing services. The Company packages bare semiconductors into finished semiconductors with enhanced electrical and thermal characteristics, provides testing services, including front-end engineering testing, wafer probing and final testing services, and provides electronics manufacturing services.

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