Trading Report: Today, Sei Investments Co. Increases Stake in Advanced Semiconductor Engineering (ASX)

Today, Sei Investments Co. Increases Stake in Advanced Semiconductor Engineering (ASX)

Sei Investments Co. boosted its stake in Advanced Semiconductor Engineering (NYSE:ASX) by 11.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,488,111 shares of the company’s stock after buying an additional 450,606 shares during the period. Sei Investments Co. owned about 0.29% of Advanced Semiconductor Engineering worth $26,525,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Aperio Group LLC raised its stake in Advanced Semiconductor Engineering by 1.2% in the third quarter. Aperio Group LLC now owns 1,598,224 shares of the company’s stock valued at $9,446,000 after buying an additional 18,343 shares during the period. First Trust Advisors LP raised its stake in Advanced Semiconductor Engineering by 22.4% in the third quarter. First Trust Advisors LP now owns 100,137 shares of the company’s stock valued at $592,000 after buying an additional 18,348 shares during the period. Nordea Investment Management AB raised its stake in Advanced Semiconductor Engineering by 58.9% in the third quarter. Nordea Investment Management AB now owns 60,700 shares of the company’s stock valued at $359,000 after buying an additional 22,500 shares during the period. Advisors Asset Management Inc. raised its stake in Advanced Semiconductor Engineering by 4.2% in the third quarter. Advisors Asset Management Inc. now owns 185,591 shares of the company’s stock valued at $1,097,000 after buying an additional 7,445 shares during the period. Finally, World Asset Management Inc raised its stake in Advanced Semiconductor Engineering by 8.1% in the third quarter. World Asset Management Inc now owns 105,884 shares of the company’s stock valued at $626,000 after buying an additional 7,953 shares during the period. Institutional investors own 7.28% of the company’s stock.

Advanced Semiconductor Engineering (NYSE:ASX) traded down 2.01% during mid-day trading on Friday, hitting $5.35. The stock had a trading volume of 181,154 shares. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 15.51 and a beta of 0.62. Advanced Semiconductor Engineering has a one year low of $4.39 and a one year high of $6.23. The company has a 50 day moving average price of $5.76 and a 200-day moving average price of $5.68.

Several research analysts have recently weighed in on ASX shares. Jefferies Group upgraded Advanced Semiconductor Engineering to a “neutral” rating in a report on Monday, August 1st. Zacks Investment Research upgraded Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a report on Tuesday, August 2nd. Finally, Goldman Sachs Group Inc. cut Advanced Semiconductor Engineering from a “buy” rating to a “neutral” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Advanced Semiconductor Engineering presently has an average rating of “Hold” and a consensus target price of $6.75.

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