BidaskClub upgraded shares of Siliconware Precision Industries Company, Ltd. (NASDAQ:SPIL) from a strong sell rating to a sell rating in a research report sent to investors on Saturday morning.

Separately, ValuEngine upgraded shares of Siliconware Precision Industries from a hold rating to a buy rating in a research report on Saturday, June 24th.

Siliconware Precision Industries (NASDAQ SPIL) traded up 0.89% during mid-day trading on Friday, hitting $7.93. The stock had a trading volume of 110,554 shares. The firm has a market cap of $4.94 billion, a PE ratio of 22.66 and a beta of 0.40. Siliconware Precision Industries has a 12-month low of $7.05 and a 12-month high of $8.39. The company has a 50-day moving average of $8.03 and a 200-day moving average of $8.03.

Siliconware Precision Industries (NASDAQ:SPIL) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.70. The firm had revenue of $20.42 billion during the quarter, compared to analyst estimates of $21.52 billion. Siliconware Precision Industries had a net margin of 10.29% and a return on equity of 13.18%. Siliconware Precision Industries’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. Analysts expect that Siliconware Precision Industries will post $0.64 earnings per share for the current year.

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The company also recently declared an annual dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be given a $0.2877 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a yield of 3.53%. Siliconware Precision Industries’s dividend payout ratio (DPR) is presently 61.76%.

A number of institutional investors have recently added to or reduced their stakes in SPIL. State Street Corp raised its position in Siliconware Precision Industries by 0.3% in the fourth quarter. State Street Corp now owns 404,751 shares of the semiconductor company’s stock worth $2,955,000 after buying an additional 1,393 shares during the period. Eqis Capital Management Inc. raised its position in Siliconware Precision Industries by 28.5% in the first quarter. Eqis Capital Management Inc. now owns 98,948 shares of the semiconductor company’s stock worth $800,000 after buying an additional 21,948 shares during the period. US Bancorp DE raised its position in Siliconware Precision Industries by 16.7% in the first quarter. US Bancorp DE now owns 52,545 shares of the semiconductor company’s stock worth $425,000 after buying an additional 7,501 shares during the period. Comerica Bank raised its position in Siliconware Precision Industries by 1.3% in the first quarter. Comerica Bank now owns 35,736 shares of the semiconductor company’s stock worth $288,000 after buying an additional 464 shares during the period. Finally, World Asset Management Inc raised its position in Siliconware Precision Industries by 1.5% in the first quarter. World Asset Management Inc now owns 38,833 shares of the semiconductor company’s stock worth $314,000 after buying an additional 580 shares during the period. Hedge funds and other institutional investors own 2.89% of the company’s stock.

About Siliconware Precision Industries

Siliconware Precision Industries Co, Ltd. is a Taiwan-based company mainly engaged in the provision of packaging and testing services of integrated circuits (ICs) and related products. The Company’s businesses include the manufacture, processing, assembly, testing and importing and exporting of ICs, transistors, light emitting diode (LED) digital displays, LED lights, liquid crystal display (LCD) clock cores, phototransistors, synthesis circuits, as well as thin film circuits and thick film circuits.

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