Advanced Semiconductor Engnrng (ASX) Shares Gap Down to $7.05
Advanced Semiconductor Engnrng Inc (NYSE:ASX) shares gapped down before the market opened on Wednesday . The stock had previously closed at $7.50, but opened at $7.05. Advanced Semiconductor Engnrng shares last traded at $6.61, with a volume of 2138100 shares traded.
Separately, Zacks Investment Research lowered Advanced Semiconductor Engnrng from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st.
The stock has a market cap of $11,698.79, a PE ratio of 15.37, a P/E/G ratio of 2.62 and a beta of 0.53. The company has a quick ratio of 1.00, a current ratio of 1.37 and a debt-to-equity ratio of 0.25.
Advanced Semiconductor Engnrng (NYSE:ASX) last released its quarterly earnings results on Friday, October 27th. The semiconductor company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $2.44 billion during the quarter. Advanced Semiconductor Engnrng had a return on equity of 13.80% and a net margin of 8.74%. research analysts predict that Advanced Semiconductor Engnrng Inc will post 0.42 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Cambiar Investors LLC boosted its holdings in Advanced Semiconductor Engnrng by 4.2% in the second quarter. Cambiar Investors LLC now owns 80,236 shares of the semiconductor company’s stock valued at $506,000 after purchasing an additional 3,263 shares during the period. Empirical Finance LLC boosted its holdings in Advanced Semiconductor Engnrng by 24.4% in the second quarter. Empirical Finance LLC now owns 17,341 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 3,396 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Advanced Semiconductor Engnrng by 10.2% in the second quarter. Janney Montgomery Scott LLC now owns 38,607 shares of the semiconductor company’s stock valued at $244,000 after purchasing an additional 3,558 shares during the period. Nuveen Asset Management LLC boosted its holdings in Advanced Semiconductor Engnrng by 10.7% in the first quarter. Nuveen Asset Management LLC now owns 40,689 shares of the semiconductor company’s stock valued at $258,000 after purchasing an additional 3,944 shares during the period. Finally, Commonwealth Bank of Australia boosted its holdings in Advanced Semiconductor Engnrng by 16.1% in the second quarter. Commonwealth Bank of Australia now owns 39,832 shares of the semiconductor company’s stock valued at $251,000 after purchasing an additional 5,516 shares during the period. Hedge funds and other institutional investors own 5.82% of the company’s stock.
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Advanced Semiconductor Engnrng 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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