Advanced Semiconductor Engineering (ASX) has risen sharply, recording gains of 3.46% in the past 4 weeks. However, the stock has corrected -3.39% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.07% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Advanced Semiconductor Engineering Inc. is up 34.38% in the last 3-month period. Year-to-Date the stock performance stands at 5.47%. The stock has recorded a 20-day Moving Average of 0.52% and the 50-Day Moving Average is 4.82%.
Advanced Semiconductor Engineering (NYSE:ASX): The stock opened at $5.91 on Friday but the bulls could not build on the opening and the stock topped out at $5.98 for the day. The stock traded down to $5.87 during the day, due to lack of any buying support eventually closed down at $5.98 with a loss of -0.50% for the day. The stock had closed at $6.01 on the previous day. The total traded volume was 1,004,516 shares.
Also, Major Brokerage house, UBS upgrades its ratings on Advanced Semiconductor Engineering (NYSE:ASX). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 31, 2016.
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.