Advisors Asset Management Inc. increased its position in shares of Advanced Semiconductor Engineering (NYSE:ASX) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 178,146 shares of the company’s stock after buying an additional 10,733 shares during the period. Advisors Asset Management Inc.’s holdings in Advanced Semiconductor Engineering were worth $994,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC increased its stake in shares of Advanced Semiconductor Engineering by 8.7% in the second quarter. Fisher Asset Management LLC now owns 28,801,597 shares of the company’s stock worth $159,273,000 after buying an additional 2,306,612 shares during the last quarter. Teachers Advisors Inc. increased its stake in shares of Advanced Semiconductor Engineering by 22.7% in the first quarter. Teachers Advisors Inc. now owns 3,598,549 shares of the company’s stock worth $21,052,000 after buying an additional 665,098 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Advanced Semiconductor Engineering by 13.7% in the first quarter. JPMorgan Chase & Co. now owns 864,104 shares of the company’s stock worth $5,054,000 after buying an additional 104,008 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Advanced Semiconductor Engineering during the first quarter worth about $3,867,000. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Advanced Semiconductor Engineering during the second quarter worth about $1,202,000. 7.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Advanced Semiconductor Engineering (NYSE:ASX) traded up 1.441% during trading on Wednesday, hitting $5.985. 621,381 shares of the stock traded hands. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 16.176 and a beta of 0.60. The stock has a 50 day moving average of $6.03 and a 200 day moving average of $5.58. Advanced Semiconductor Engineering has a 52-week low of $4.39 and a 52-week high of $6.23.

A number of analysts have recently issued reports on ASX shares. Zacks Investment Research raised shares of Advanced Semiconductor Engineering from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Jefferies Group raised shares of Advanced Semiconductor Engineering to a “neutral” rating in a report on Monday, August 1st. Nomura upgraded shares of Advanced Semiconductor Engineering from a “neutral” rating to a “buy” rating in a research note on Thursday, May 26th. 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 company. Advanced Semiconductor Engineering presently has a consensus rating of “Buy” and an average price target of $6.75.

Advanced Semiconductor Engineering Company Profile

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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