Advanced Semiconductor Engineering (NYSE:ASX) gapped up before the market opened on Thursday . The stock had previously closed at $6.05, but opened at $6.06. Advanced Semiconductor Engineering shares last traded at $6.10, with a volume of 134,913 shares trading hands.

ASX has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research report on Tuesday, May 3rd. Nomura raised shares of Advanced Semiconductor Engineering from a “neutral” rating to a “buy” rating in a research report on Thursday, May 26th. TheStreet raised shares of Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating in a research report on Monday, June 20th. Finally, Jefferies Group raised shares of Advanced Semiconductor Engineering to a “neutral” rating in a research report on Monday, August 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Advanced Semiconductor Engineering currently has an average rating of “Buy” and a consensus target price of $6.75.

The stock has a market capitalization of $9.31 billion and a P/E ratio of 16.21. The firm has a 50-day moving average of $5.88 and a 200 day moving average of $5.52.

The business also recently declared an annual dividend, which was paid on Wednesday, August 17th. Shareholders of record on Wednesday, August 17th were issued a $0.181 dividend. The ex-dividend date of this dividend was Monday, August 15th.

An institutional investor recently raised its position in Advanced Semiconductor Engineering stock. Advisors Asset Management Inc. raised its stake in Advanced Semiconductor Engineering (NYSE:ASX) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the 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 reporting period.

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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