Advanced Semiconductor Engineering (NYSE:ASX) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $6.23 and last traded at $6.16, with a volume of 242,215 shares changing hands. The stock had previously closed at $6.21.

ASX has been the topic of a number of research analyst reports. Jefferies Group raised Advanced Semiconductor Engineering to a “neutral” rating in a report on Monday, August 1st. Nomura raised Advanced Semiconductor Engineering from a “neutral” rating to a “buy” rating in a report on Thursday, May 26th. Zacks Investment Research raised Advanced Semiconductor Engineering from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, TheStreet raised Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating in a report on Monday, June 20th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $6.75.

The firm has a market cap of $9.50 billion and a PE ratio of 16.76. The stock’s 50-day moving average price is $5.68 and its 200 day moving average price is $5.45.

The firm also recently declared an annual dividend, which will be paid on Wednesday, August 17th. Stockholders of record on Wednesday, August 17th will be issued a $0.181 dividend. The ex-dividend date is Monday, August 15th.

Several large investors have modified their holdings of ASX. State of New Jersey Common Pension Fund D increased 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 during the last quarter. Deere & Co. acquired a new stake in shares of Advanced Semiconductor Engineering during the fourth quarter valued at $1,068,000. Finally, Advisors Asset Management Inc. increased 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 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.

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