Today: Advanced Semiconductor Engineering (ASX) Lowered by Goldman Sachs Group Inc. to “Neutral”

Today: Advanced Semiconductor Engineering (ASX) Lowered by Goldman Sachs Group Inc. to “Neutral”

Goldman Sachs Group Inc. cut shares of Advanced Semiconductor Engineering (NYSE:ASX) from a buy rating to a neutral rating in a research report released on Friday morning.

Other analysts have also issued reports about the company. Zacks Investment Research raised Advanced Semiconductor Engineering from a hold rating to a buy rating and set a $6.75 price objective on the stock in a research note on Tuesday, August 2nd. Jefferies Group raised Advanced Semiconductor Engineering to a neutral rating in a research note on Monday, August 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Advanced Semiconductor Engineering presently has a consensus rating of Buy and a consensus target price of $6.75.

Shares of Advanced Semiconductor Engineering (NYSE:ASX) opened at 5.38 on Friday. Advanced Semiconductor Engineering has a one year low of $4.39 and a one year high of $6.23. The firm’s 50-day moving average price is $5.74 and its 200 day moving average price is $5.68. The company has a market capitalization of $8.25 billion, a PE ratio of 15.82 and a beta of 0.62.

Institutional investors have recently bought and sold shares of the stock. Fisher Asset Management LLC increased its position in Advanced Semiconductor Engineering by 8.7% in the second quarter. Fisher Asset Management LLC now owns 28,801,597 shares of the company’s stock valued at $159,273,000 after buying an additional 2,306,612 shares in the last quarter. Vanguard Group Inc. increased its position in Advanced Semiconductor Engineering by 2.8% in the second quarter. Vanguard Group Inc. now owns 10,733,690 shares of the company’s stock valued at $59,894,000 after buying an additional 290,453 shares in the last quarter. FMR LLC increased its position in Advanced Semiconductor Engineering by 27.6% in the second quarter. FMR LLC now owns 7,638,475 shares of the company’s stock valued at $42,623,000 after buying an additional 1,651,866 shares in the last quarter. Sei Investments Co. increased its position in Advanced Semiconductor Engineering by 11.2% in the third quarter. Sei Investments Co. now owns 4,488,111 shares of the company’s stock valued at $26,525,000 after buying an additional 450,606 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in Advanced Semiconductor Engineering by 7.3% in the third quarter. Teachers Advisors LLC now owns 4,343,575 shares of the company’s stock valued at $25,671,000 after buying an additional 295,788 shares in the last quarter. Hedge funds and other institutional investors own 7.11% of the company’s stock.

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