Advanced Semiconductor Engineering (NYSE:ASX) Receiving Somewhat Favorable News Coverage, Analysis Finds

News coverage about Advanced Semiconductor Engineering (NYSE:ASX) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Advanced Semiconductor Engineering earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 45.9420047114855 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

A number of equities analysts recently commented on ASX shares. Zacks Investment Research raised shares of Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Monday, April 24th. BidaskClub raised shares of Advanced Semiconductor Engineering from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st.

Advanced Semiconductor Engineering (NYSE:ASX) traded down 0.76% during trading on Monday, reaching $6.51. 919,739 shares of the company were exchanged. The stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of 17.59 and a beta of 0.52. The firm’s 50 day moving average price is $6.24 and its 200-day moving average price is $6.01. Advanced Semiconductor Engineering has a one year low of $4.89 and a one year high of $6.64.

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 the Thomson Reuters’ consensus estimate of $0.09 by $0.04. Advanced Semiconductor Engineering had a net margin of 7.42% and a return on equity of 12.51%. The company had revenue of $2.13 billion for the quarter. On average, equities research analysts predict that Advanced Semiconductor Engineering will post $0.43 earnings per share for the current year.

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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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