Advanced Semiconductor Engineering (ASX) : 1 brokerage houses believe that Advanced Semiconductor Engineering (ASX) is a Strong Buy at current levels. Zacks Investment Research suggests a Buy with a rank of 2. 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): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.17 and $6.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.21, notching a gain of 0.16% for the day. The total traded volume was 392,349 . The stock had closed at $6.20 on the previous day.
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.