Zacks Investment Research downgraded shares of Advanced Semiconductor Engineering, Inc. (NYSE:ASX) from a hold rating to a sell rating in a report issued on Tuesday morning.
According to Zacks, “Advanced Semiconductor Engineering, Inc. is an independent provider of semiconductor packaging services and semiconductor testing services, including front-end engineering testing, wafer probing and final testing services. The company offers packaging and testing services separately and on a turnkey basis. Turnkey services consist of integrated packaging, testing and direct shipment of semiconductors to end users designated by customers. The company is able to expand the traditional scope of turnkey services to offer total semiconductor manufacturing services to customers. “
Advanced Semiconductor Engineering (NYSE:ASX) last released its quarterly earnings data on Friday, October 27th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.12. Advanced Semiconductor Engineering had a return on equity of 13.80% and a net margin of 8.74%. The business had revenue of $2.44 billion for the quarter.
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A number of large investors have recently added to or reduced their stakes in the business. Atria Investments LLC increased its stake in Advanced Semiconductor Engineering by 4.5% in the 2nd quarter. Atria Investments LLC now owns 46,329 shares of the semiconductor company’s stock worth $292,000 after acquiring an additional 1,988 shares during the last quarter. Cambiar Investors LLC increased its stake in Advanced Semiconductor Engineering by 4.2% in the 2nd quarter. Cambiar Investors LLC now owns 80,236 shares of the semiconductor company’s stock worth $506,000 after acquiring an additional 3,263 shares during the last quarter. Empirical Finance LLC increased its stake in Advanced Semiconductor Engineering by 24.4% in the 2nd quarter. Empirical Finance LLC now owns 17,341 shares of the semiconductor company’s stock worth $110,000 after acquiring an additional 3,396 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Advanced Semiconductor Engineering by 10.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 38,607 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 3,558 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Advanced Semiconductor Engineering by 10.7% in the 1st quarter. Nuveen Asset Management LLC now owns 40,689 shares of the semiconductor company’s stock worth $258,000 after acquiring an additional 3,944 shares during the last quarter. 5.83% of the stock is currently owned by institutional investors and hedge funds.
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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