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.

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

The firm’s 50-day moving average price is $5.90 and its 200-day moving average price is $5.52. The firm has a market capitalization of $9.28 billion and a price-to-earnings ratio of 16.16.

The company also recently announced an annual dividend, which was paid on Wednesday, August 17th. Stockholders of record on Wednesday, August 17th were paid a $0.181 dividend. The ex-dividend date was Monday, August 15th.

A hedge fund recently raised its stake in Advanced Semiconductor Engineering stock. Advisors Asset Management Inc. boosted its stake in Advanced Semiconductor Engineering (NYSE:ASX) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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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