Advanced Semiconductor Engineering (NYSE:ASX) traded down 3.1% on Monday . The stock traded as low as $5.91 and last traded at $6.00, with a volume of 287,653 shares. The stock had previously closed at $6.19.

A number of research firms have recently commented on ASX. Zacks Investment Research raised shares of Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a report on Tuesday, August 2nd. Jefferies Group raised shares of Advanced Semiconductor Engineering to a “neutral” rating in a report on Monday, August 1st. TheStreet raised shares of Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating in a report on Monday, June 20th. Finally, Nomura raised shares of Advanced Semiconductor Engineering from a “neutral” rating to a “buy” rating in a report on Thursday, May 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $6.75.

The stock’s 50-day moving average price is $5.76 and its 200 day moving average price is $5.48. The firm has a market capitalization of $9.27 billion and a price-to-earnings ratio of 16.13.

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

A hedge fund recently raised its stake in Advanced Semiconductor Engineering stock. Advisors Asset Management Inc. increased its position in shares of Advanced Semiconductor Engineering (NYSE:ASX) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180,185 shares of the company’s stock after buying an additional 8,805 shares during the period. Advisors Asset Management Inc.’s holdings in Advanced Semiconductor Engineering were worth $1,022,000 at the end of the most recent 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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