The Brokerages give average Rating of “Buy” to Advanced Semiconductor Engineering (ASX)

The Brokerages give average Rating of “Buy” to Advanced Semiconductor Engineering (ASX)

Shares of Advanced Semiconductor Engineering (NYSE:ASX) have earned an average recommendation of “Buy” from the six research firms that are currently covering the firm. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

A number of analysts have commented on the stock. Zacks Investment Research cut shares of Advanced Semiconductor Engineering from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Jefferies Group raised shares of Advanced Semiconductor Engineering to a “neutral” rating in a research note on Monday, August 1st. Finally, TheStreet raised shares of Advanced Semiconductor Engineering from a “hold” rating to a “buy” rating in a research note on Monday, June 20th.

Several hedge funds have recently made changes to their positions in ASX. CIBC World Markets Inc. bought a new position in shares of Advanced Semiconductor Engineering during the first quarter worth $312,000. Teachers Advisors Inc. raised its position in shares of Advanced Semiconductor Engineering by 22.7% in the first quarter. Teachers Advisors Inc. now owns 3,598,549 shares of the company’s stock worth $21,052,000 after buying an additional 665,098 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Advanced Semiconductor Engineering by 13.7% in the first quarter. JPMorgan Chase & Co. now owns 864,104 shares of the company’s stock worth $5,054,000 after buying an additional 104,008 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Advanced Semiconductor Engineering by 24.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,760 shares of the company’s stock worth $156,000 after buying an additional 5,254 shares in the last quarter. Finally, AXA raised its position in shares of Advanced Semiconductor Engineering by 29.1% in the first quarter. AXA now owns 71,000 shares of the company’s stock worth $415,000 after buying an additional 16,000 shares in the last quarter. 7.23% of the stock is owned by hedge funds and other institutional investors.

Advanced Semiconductor Engineering (NYSE:ASX) opened at 5.98 on Monday. The stock has a market cap of $9.16 billion, a PE ratio of 15.95 and a beta of 0.58. The company has a 50-day moving average of $5.98 and a 200-day moving average of $5.62. Advanced Semiconductor Engineering has a 12 month low of $4.39 and a 12 month high of $6.23.

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