Advanced Semiconductor Engineering, Inc. (NYSE:ASX) issued its quarterly earnings data on Friday. The semiconductor company reported $0.12 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.12, Morningstar.com reports. The firm had revenue of $2.44 billion for the quarter. Advanced Semiconductor Engineering had a return on equity of 14.06% and a net margin of 8.48%.
Shares of Advanced Semiconductor Engineering (NYSE:ASX) traded up 1.44% during midday trading on Friday, hitting $6.32. The stock had a trading volume of 411,405 shares. The company’s 50 day moving average is $6.19 and its 200 day moving average is $6.26. The company has a market cap of $10.26 billion, a PE ratio of 14.04 and a beta of 0.52. Advanced Semiconductor Engineering has a 52-week low of $4.89 and a 52-week high of $6.70.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Earnest Partners LLC grew its stake in Advanced Semiconductor Engineering by 3.0% in the second quarter. Earnest Partners LLC now owns 8,914,194 shares of the semiconductor company’s stock worth $56,249,000 after purchasing an additional 259,864 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Advanced Semiconductor Engineering by 20.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 315,957 shares of the semiconductor company’s stock worth $1,994,000 after purchasing an additional 52,903 shares in the last quarter. Renaissance Technologies LLC grew its stake in Advanced Semiconductor Engineering by 1.1% in the first quarter. Renaissance Technologies LLC now owns 2,031,779 shares of the semiconductor company’s stock worth $13,166,000 after purchasing an additional 21,200 shares in the last quarter. OZ Management LP bought a new position in Advanced Semiconductor Engineering in the second quarter worth approximately $621,000. Finally, JPMorgan Chase & Co. grew its stake in Advanced Semiconductor Engineering by 43.0% in the second quarter. JPMorgan Chase & Co. now owns 484,721 shares of the semiconductor company’s stock worth $3,058,000 after purchasing an additional 145,800 shares in the last quarter. Hedge funds and other institutional investors own 5.83% of the company’s stock.
Separately, BidaskClub upgraded Advanced Semiconductor Engineering from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st.
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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