Ameriprise Financial Inc. decreased its position in shares of Advanced Semiconductor Engineering, Inc. (NYSE:ASX) by 11.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,060 shares of the semiconductor company’s stock after selling 19,619 shares during the period. Ameriprise Financial Inc.’s holdings in Advanced Semiconductor Engineering were worth $920,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in ASX. JPMorgan Chase & Co. increased its stake in Advanced Semiconductor Engineering by 18.5% during the 1st quarter. JPMorgan Chase & Co. now owns 338,921 shares of the semiconductor company’s stock worth $2,196,000 after buying an additional 52,807 shares during the period. Morgan Stanley grew its holdings in Advanced Semiconductor Engineering by 2.5% during the 1st quarter. Morgan Stanley now owns 813,167 shares of the semiconductor company’s stock worth $5,269,000 after acquiring an additional 20,137 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Advanced Semiconductor Engineering by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 2,031,779 shares of the semiconductor company’s stock worth $13,166,000 after acquiring an additional 21,200 shares in the last quarter. Bank of America Corp DE grew its holdings in Advanced Semiconductor Engineering by 7.6% during the 1st quarter. Bank of America Corp DE now owns 2,562,227 shares of the semiconductor company’s stock worth $16,603,000 after acquiring an additional 181,567 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in Advanced Semiconductor Engineering during the 1st quarter worth $153,000. 5.87% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered shares of Advanced Semiconductor Engineering from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st.
Advanced Semiconductor Engineering, Inc. (NYSE:ASX) opened at $6.21 on Friday. The firm has a market cap of $10,308.84, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53. The company has a current ratio of 1.37, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25. Advanced Semiconductor Engineering, Inc. has a fifty-two week low of $4.89 and a fifty-two week high of $6.70.
Advanced Semiconductor Engineering (NYSE:ASX) last announced its quarterly earnings data on Friday, October 27th. The semiconductor company reported $0.12 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Advanced Semiconductor Engineering had a net margin of 8.74% and a return on equity of 13.80%. The company had revenue of $2.44 billion during the quarter. sell-side analysts predict that Advanced Semiconductor Engineering, Inc. will post 0.42 earnings per share for the current year.
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Advanced Semiconductor Engineering Company Profile
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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