Zacks Investment Research upgraded shares of Advanced Semiconductor Engineering (NYSE:ASX) from a sell rating to a hold rating in a research report report published on Friday.

According to Zacks, “Advanced Semiconductor Engineering, Inc. is an independent provider of semiconductor packaging services and semiconductor testing services, including front-end engineering testing, wafer probing and final testing services. The company offers packaging and testing services separately and on a turnkey basis. Turnkey services consist of integrated packaging, testing and direct shipment of semiconductors to end users designated by customers. The company is able to expand the traditional scope of turnkey services to offer total semiconductor manufacturing services to customers. “

ASX has been the subject of several other reports. Goldman Sachs Group Inc. downgraded shares of Advanced Semiconductor Engineering from a buy rating to a neutral rating in a report on Friday, November 25th. Jefferies Group upgraded shares of Advanced Semiconductor Engineering to a neutral rating in a report on Monday, August 1st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $6.75.

Shares of Advanced Semiconductor Engineering (NYSE:ASX) opened at 5.37 on Friday. Advanced Semiconductor Engineering has a 52 week low of $4.39 and a 52 week high of $6.23. The stock has a market capitalization of $8.24 billion, a P/E ratio of 16.03 and a beta of 0.62. The company’s 50-day moving average is $5.70 and its 200 day moving average is $5.71.

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Several large investors have recently modified their holdings of ASX. Swarthmore Group Inc. increased its stake in shares of Advanced Semiconductor Engineering by 18.2% in the second quarter. Swarthmore Group Inc. now owns 19,800 shares of the company’s stock worth $110,000 after buying an additional 3,050 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Advanced Semiconductor Engineering during the third quarter worth approximately $118,000. BNP Paribas Arbitrage SA purchased a new stake in shares of Advanced Semiconductor Engineering during the third quarter worth approximately $128,000. KCG Holdings Inc. increased its stake in shares of Advanced Semiconductor Engineering by 17.0% in the third quarter. KCG Holdings Inc. now owns 21,799 shares of the company’s stock worth $129,000 after buying an additional 3,167 shares during the period. Finally, Nuveen Fund Advisors LLC increased its stake in shares of Advanced Semiconductor Engineering by 73.4% in the third quarter. Nuveen Fund Advisors LLC now owns 24,518 shares of the company’s stock worth $145,000 after buying an additional 10,378 shares during the period. Institutional investors and hedge funds own 7.11% of the company’s stock.

Advanced Semiconductor Engineering Company Profile

Advanced Semiconductor Engineering, Inc is a provider of semiconductor packaging and testing services. The Company offers a range of semiconductors packaging, testing and electronic manufacturing services (EMS). The Company’s segments include Packaging, Testing, EMS and Others. The Company provides services in packaging bare semiconductors into finished semiconductors with a range of electrical and thermal characteristics, as well as testing services, including front-end engineering testing, wafer probing and final testing services.

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