Advanced Semiconductor Engineering (NYSE:ASX)’s share price 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 analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Advanced Semiconductor Engineering from a “sell” rating to a “hold” rating in a research note on Wednesday, June 1st. TheStreet upgraded shares of Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating in a research note on Monday, June 20th. Finally, Nomura Holdings Inc. cut shares of Advanced Semiconductor Engineering from a “buy” rating to a “reduce” rating in a research note on Friday, April 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $5.50.

The stock has a market capitalization of $8.85 billion and a price-to-earnings ratio of 16.06. The stock has a 50 day moving average price of $5.53 and a 200 day moving average price of $5.38.

Advanced Semiconductor Engineering (NYSE:ASX) last released its earnings results on Tuesday, May 3rd. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. On average, equities analysts expect that Advanced Semiconductor Engineering will post $0.44 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in ASX. Deere & Co. purchased a new stake in Advanced Semiconductor Engineering during the fourth quarter worth $1,068,000. Schroder Investment Management Group increased its stake in 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 worth $50,609,000 after buying an additional 133,242 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in 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 worth $10,472,000 after buying an additional 133,242 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Advanced Semiconductor Engineering by 5.1% in the fourth quarter. Advisors Asset Management Inc. now owns 180,185 shares of the company’s stock worth $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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