Advanced Semiconductor Engineering (ASX) Receives Analyst Rating

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.


Advanced Semiconductor Engineering (NYSE:ASX): After opening at $5.72, the stock dipped to an intraday low of $5.71 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.82 and the buying power remained strong till the end. The stock closed at $5.8 for the day, a gain of 1.40% for the day session. The total traded volume was 682,580. The stocks close on the previous trading day was $5.72.

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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