Advanced Semiconductor Engineering (NYSE:ASX) Earning Somewhat Positive News Coverage, Study Shows

News stories about Advanced Semiconductor Engineering (NYSE:ASX) have been trending somewhat positive on Saturday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Advanced Semiconductor Engineering earned a news impact score of 0.12 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 45.9420047114855 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several brokerages recently issued reports on ASX. Zacks Investment Research raised Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Monday, April 24th. BidaskClub cut Advanced Semiconductor Engineering from a “buy” rating to a “hold” rating in a research note on Friday, June 16th.

Shares of Advanced Semiconductor Engineering (NYSE ASX) opened at 6.15 on Friday. The firm’s 50-day moving average price is $6.42 and its 200 day moving average price is $6.26. Advanced Semiconductor Engineering has a 12 month low of $4.89 and a 12 month high of $6.70. The company has a market cap of $9.98 billion, a PE ratio of 13.82 and a beta of 0.53.

Advanced Semiconductor Engineering (NYSE:ASX) last announced its quarterly earnings results on Friday, July 28th. The semiconductor company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Advanced Semiconductor Engineering had a net margin of 8.48% and a return on equity of 14.06%. The firm had revenue of $2.18 billion during the quarter. Equities research analysts anticipate that Advanced Semiconductor Engineering will post $0.44 earnings per share for the current fiscal year.

The company also recently declared a dividend, which was paid on Friday, August 11th. Investors of record on Friday, August 11th were issued a dividend of $0.164 per share. The ex-dividend date was Wednesday, August 9th. Advanced Semiconductor Engineering’s dividend payout ratio is currently 79.55%.

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About Advanced Semiconductor Engineering

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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