Analyst Rating Update on Advanced Semiconductor Engineering (ASX)

Advanced Semiconductor Engineering (NYSE:ASX) : 1 brokerage houses believe that Advanced Semiconductor Engineering (NYSE:ASX) is a Strong Buy at current levels. Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 2 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

For the current week, the company shares have a recommendation consensus of Buy.

Advanced Semiconductor Engineering (NYSE:ASX): stock turned positive on Tuesday. Though the stock opened at $5.39, the bulls momentum made the stock top out at $5.43 level for the day. The stock recorded a low of $5.34 and closed the trading day at $5.42, in the green by 3.44%. The total traded volume for the day was 787,851. The stock had closed at $5.24 in the previous days trading.

Advanced Semiconductor Engineering, Inc. is an independent provider of semiconductor packaging and testing services. The Company packages bare semiconductors into finished semiconductors with enhanced electrical and thermal characteristics, provides testing services, including front-end engineering testing, wafer probing and final testing services, and provides electronics manufacturing services. It also engages in other activities, such as substrate production and real estate business. The Company operates through the following segments: Packaging, Testing and Electronic Manufacturing Services. The Company offers a range of package types to meet the requirements of its customers, with a focus on advanced packaging solutions. The Company provides a range of semiconductor testing services, including front-end engineering testing, wafer probing, testing and test-related services. It provides integrated solutions for electronic manufacturing services.

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