Zacks Investment Research upgraded shares of Advanced Semiconductor Engnrng (NYSE:ASX) from a hold rating to a buy rating in a research note released on Thursday morning. They currently have $7.50 target price on the semiconductor company’s stock.
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 Engnrng (NYSE:ASX) remained flat at $$6.55 during mid-day trading on Thursday. 435,487 shares of the stock traded hands, compared to its average volume of 1,009,292. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.37. The stock has a market cap of $11,136.19, a price-to-earnings ratio of 14.89, a PEG ratio of 1.82 and a beta of 0.72. Advanced Semiconductor Engnrng has a 12-month low of $5.86 and a 12-month high of $7.52.
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About Advanced Semiconductor Engnrng
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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