Advanced Semiconductor Engineering, Inc. (NYSE:ASX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “Advanced Semiconductor Engineering, Inc. is an independent provider of semiconductor packaging services and semiconductor testing services, including front-end engineering testing, wafer probing and final testing services. The company offers packaging and testing services separately and on a turnkey basis. Turnkey services consist of integrated packaging, testing and direct shipment of semiconductors to end users designated by customers. The company is able to expand the traditional scope of turnkey services to offer total semiconductor manufacturing services to customers. “

Shares of Advanced Semiconductor Engineering (NYSE ASX) traded up 0.16% during trading on Tuesday, hitting $6.16. 956,763 shares of the stock traded hands. The firm has a market capitalization of $10.00 billion, a price-to-earnings ratio of 13.84 and a beta of 0.52. Advanced Semiconductor Engineering has a 1-year low of $4.89 and a 1-year high of $6.70. The firm has a 50-day moving average of $6.19 and a 200-day moving average of $6.26.

Advanced Semiconductor Engineering (NYSE:ASX) last issued its quarterly earnings data on Friday, October 27th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $2.44 billion during the quarter. Advanced Semiconductor Engineering had a net margin of 8.74% and a return on equity of 14.40%. On average, equities analysts forecast that Advanced Semiconductor Engineering will post $0.43 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of ASX. Schafer Cullen Capital Management Inc. grew its holdings in shares of Advanced Semiconductor Engineering by 22.6% during the second quarter. Schafer Cullen Capital Management Inc. now owns 9,126,192 shares of the semiconductor company’s stock valued at $57,586,000 after buying an additional 1,683,909 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Advanced Semiconductor Engineering during the third quarter worth about $7,532,000. Vanguard Group Inc. boosted its holdings in Advanced Semiconductor Engineering by 294.4% during the second quarter. Vanguard Group Inc. now owns 1,550,132 shares of the semiconductor company’s stock worth $9,781,000 after purchasing an additional 1,157,068 shares during the last quarter. Sei Investments Co. boosted its holdings in Advanced Semiconductor Engineering by 5.8% during the second quarter. Sei Investments Co. now owns 5,192,313 shares of the semiconductor company’s stock worth $32,763,000 after purchasing an additional 285,741 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in Advanced Semiconductor Engineering by 22.3% during the third quarter. Aperio Group LLC now owns 1,505,122 shares of the semiconductor company’s stock worth $9,302,000 after purchasing an additional 274,252 shares during the last quarter. Hedge funds and other institutional investors own 5.83% of the company’s stock.

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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