Brokerage Firm Rating Update on Advanced Semiconductor Engineering (ASX)

Advanced Semiconductor Engineering (ASX) has an average broker rating of 3, which is interpreted as a Hold, as rated by 2 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, UBS upgrades its rating on Advanced Semiconductor Engineering (NYSE:ASX).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 31, 2016.

Advanced Semiconductor Engineering (NYSE:ASX): The stock opened at $6.13 and touched an intraday high of $6.2 on Wednesday. During the day, the stock corrected to an intraday low of $6.1, however, the bulls stepped in and pushed the price higher to close in the green at $6.12 with a gain of 0.33% for the day. The total traded volume for the day was 696,889. The stock had closed at $6.1 in the previous trading session.

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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