Siliconware Precision Industries (ADR) (SPIL) is Downgraded by Citigroup to Neutral

Siliconware Precision Industries (ADR) (SPIL) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Apr 27, 2016.

On the company’s financial health, Siliconware Precision Industries (ADR) reported $-0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.83 based on the information available during the earnings call on Jan 29, 2016. Analyst had a consensus of $0.76. The company had revenue of $20764.90 million for the quarter, compared to analysts expectations of $19713.47 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.97 EPS.

Siliconware Precision Industries (ADR) closed down -0.01 points or -0.13% at $7.61 with 5,19,043 shares getting traded on Friday. Post opening the session at $7.65, the shares hit an intraday low of $7.6 and an intraday high of $7.66 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Siliconware Precision Industries Co. Ltd. is an independent provider of semiconductor packaging and testing services. The Company offers packaging and testing solutions including advanced packages substrate packages and lead-frame packages as well as testing for logic and mixed signal devices. It also offers its customers turnkey service from packaging and testing to shipment service. It focuses on customers in the personal computer communications consumer integrated circuits and non-commodity memory semiconductor markets. It develops advanced packaging technologies such as flip-chip and wafer bumping technologies. It provides testing services such as wafer probing final testing tooling design and other testing services. It provides final testing services for a range of logic and mixed signal and radio frequency integrated circuit packages and other integrated circuit packages including complex and high-performance integrated circuits as well as lower-performance ones.

Siliconware Precision Industries (ADR)

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