Advanced Semiconductor Engineering (ASX) Reaches New 12-Month High at $6.23
Advanced Semiconductor Engineering (NYSE:ASX)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $6.23 and last traded at $6.16, with a volume of 242,215 shares trading hands. The stock had previously closed at $6.21.
ASX has been the topic of a number of recent analyst reports. Nomura lowered shares of Advanced Semiconductor Engineering from a “buy” rating to a “reduce” rating in a research report on Friday, April 22nd. Zacks Investment Research raised shares of Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Tuesday, May 3rd. 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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $6.75.
The stock has a 50 day moving average of $5.64 and a 200 day moving average of $5.43. The company has a market cap of $9.38 billion and a price-to-earnings ratio of 16.554.
The firm also recently disclosed an annual dividend, which will be paid on Wednesday, August 17th. Investors of record on Wednesday, August 17th will be given a $0.181 dividend. The ex-dividend date is Monday, August 15th.
A number of institutional investors have recently added to or reduced their stakes in ASX. Advisors Asset Management Inc. increased its position in Advanced Semiconductor Engineering by 5.1% in the fourth quarter. Advisors Asset Management Inc. now owns 180,185 shares of the company’s stock worth $1,022,000 after buying an additional 8,805 shares during the period. Deere & Co. purchased a new position in Advanced Semiconductor Engineering during the fourth quarter worth $1,068,000. Finally, State of New Jersey Common Pension Fund D increased its position in Advanced Semiconductor Engineering by 7.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,846,929 shares of the company’s stock worth $10,472,000 after buying an additional 133,242 shares during the 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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