Ameriprise Financial Inc. decreased its position in shares of Advanced Semiconductor Engineering, Inc. (NYSE:ASX) by 4.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,679 shares of the semiconductor company’s stock after selling 7,610 shares during the period. Ameriprise Financial Inc.’s holdings in Advanced Semiconductor Engineering were worth $1,073,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in shares of Advanced Semiconductor Engineering by 62.9% in the fourth quarter. Renaissance Technologies LLC now owns 2,010,579 shares of the semiconductor company’s stock worth $10,133,000 after buying an additional 776,172 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Advanced Semiconductor Engineering during the first quarter worth approximately $227,000. Greenleaf Trust bought a new stake in shares of Advanced Semiconductor Engineering during the first quarter worth approximately $191,000. A.R.T. Advisors LLC bought a new stake in shares of Advanced Semiconductor Engineering during the fourth quarter worth approximately $100,000. Finally, State Street Corp increased its stake in shares of Advanced Semiconductor Engineering by 4.6% in the fourth quarter. State Street Corp now owns 435,528 shares of the semiconductor company’s stock worth $2,193,000 after buying an additional 19,162 shares during the period. Institutional investors own 6.67% of the company’s stock.

Shares of Advanced Semiconductor Engineering, Inc. (NYSE:ASX) opened at 6.51 on Tuesday. The firm’s 50-day moving average is $6.24 and its 200 day moving average is $6.01. Advanced Semiconductor Engineering, Inc. has a 52 week low of $4.89 and a 52 week high of $6.64. The firm has a market capitalization of $10.43 billion, a P/E ratio of 17.59 and a beta of 0.52.

Advanced Semiconductor Engineering (NYSE:ASX) last announced its quarterly earnings results on Friday, April 28th. The semiconductor company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $2.13 billion for the quarter. Advanced Semiconductor Engineering had a return on equity of 12.51% and a net margin of 7.42%. Equities research analysts forecast that Advanced Semiconductor Engineering, Inc. will post $0.43 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Advanced Semiconductor Engineering, Inc. (NYSE:ASX) Position Decreased by Ameriprise Financial Inc.” was first published by Daily Political and is owned by of Daily Political. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/07/18/advanced-semiconductor-engineering-inc-nyseasx-position-decreased-by-ameriprise-financial-inc.html.

A number of equities research analysts have recently commented on ASX shares. Zacks Investment Research downgraded Advanced Semiconductor Engineering from a “buy” rating to a “sell” rating in a research report on Tuesday, May 2nd. BidaskClub downgraded Advanced Semiconductor Engineering from a “buy” rating to a “hold” rating in a research report on Friday, June 16th.

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.

Want to see what other hedge funds are holding ASX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Semiconductor Engineering, Inc. (NYSE:ASX).

Institutional Ownership by Quarter for Advanced Semiconductor Engineering (NYSE:ASX)

Receive News & Ratings for Advanced Semiconductor Engineering Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Semiconductor Engineering Inc. and related companies with MarketBeat.com's FREE daily email newsletter.