Advanced Semiconductor Engineering (NYSE:ASX) hit a new 52-week high on Monday . The stock traded as high as $6.19 and last traded at $6.02, with a volume of 859,952 shares changing hands. The stock had previously closed at $5.75.

Several equities research analysts have recently weighed in on ASX shares. Zacks Investment Research upgraded Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Tuesday, May 3rd. TheStreet upgraded Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating in a research report on Monday, June 20th. Nomura upgraded Advanced Semiconductor Engineering from a “neutral” rating to a “buy” rating in a research report on Thursday, May 26th. Finally, Jefferies Group upgraded Advanced Semiconductor Engineering to a “neutral” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Advanced Semiconductor Engineering presently has a consensus rating of “Buy” and an average price target of $5.50.

The firm has a 50-day moving average of $5.54 and a 200-day moving average of $5.40. The company has a market cap of $9.27 billion and a P/E ratio of 16.83.

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

The company also recently announced an annual dividend, which will be paid on Wednesday, August 17th. Shareholders of record on Wednesday, August 17th will be given a $0.181 dividend. The ex-dividend date is Monday, August 15th.

A number of hedge funds and institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group boosted its position 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 during the last quarter. State of New Jersey Common Pension Fund D boosted its position 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 during the last quarter. Deere & Co. purchased a new position in shares of Advanced Semiconductor Engineering during the fourth quarter valued at about $1,068,000. Finally, Advisors Asset Management Inc. boosted its position 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 during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.