Advanced Semiconductor Engineering (NYSE:ASX) shares 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 traded. The stock had previously closed at $6.19.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Advanced Semiconductor Engineering from a “sell” rating to a “hold” rating in a research report on Wednesday, May 25th. TheStreet upgraded shares of Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating in a research report on Monday, June 20th. Nomura lowered Advanced Semiconductor Engineering from a “buy” rating to a “reduce” rating in a research note on Friday, April 22nd. Finally, Jefferies Group raised Advanced Semiconductor Engineering to a “neutral” rating in a research note on Monday, August 1st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Advanced Semiconductor Engineering has a consensus rating of “Buy” and a consensus price target of $6.75.

The stock has a market capitalization of $9.13 billion and a price-to-earnings ratio of 15.68. The stock has a 50 day moving average of $5.78 and a 200 day moving average of $5.48.

The business also recently disclosed an annual dividend, which will be paid on Wednesday, August 17th. Stockholders of record on Wednesday, August 17th will be given a dividend of $0.181 per share. The ex-dividend date is Monday, August 15th.

A hedge fund recently raised its stake in Advanced Semiconductor Engineering stock. State of New Jersey Common Pension Fund D increased its position in shares of Advanced Semiconductor Engineering (NYSE:ASX) by 7.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,846,929 shares of the company’s stock after buying an additional 133,242 shares during the period. State of New Jersey Common Pension Fund D owned about 0.12% of Advanced Semiconductor Engineering worth $10,472,000 as of its most recent filing with the SEC.

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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