FMR LLC lowered its stake in shares of Advanced Semiconductor Engnrng Inc (NYSE:ASX) by 10.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,854,576 shares of the semiconductor company’s stock after selling 782,375 shares during the period. FMR LLC owned 0.45% of Advanced Semiconductor Engnrng worth $34,547,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of ASX. Atria Investments LLC acquired a new position in shares of Advanced Semiconductor Engnrng during the third quarter worth approximately $166,000. DnB Asset Management AS raised its stake in shares of Advanced Semiconductor Engnrng by 6.7% in the third quarter. DnB Asset Management AS now owns 68,316 shares of the semiconductor company’s stock worth $404,000 after buying an additional 4,300 shares during the period. Nordea Investment Management AB raised its stake in shares of Advanced Semiconductor Engnrng by 58.9% in the third quarter. Nordea Investment Management AB now owns 60,700 shares of the semiconductor company’s stock worth $359,000 after buying an additional 22,500 shares during the period. First Trust Advisors LP raised its stake in shares of Advanced Semiconductor Engnrng by 22.4% in the third quarter. First Trust Advisors LP now owns 100,137 shares of the semiconductor company’s stock worth $592,000 after buying an additional 18,348 shares during the period. Finally, Ngam Advisors L.P. purchased a new stake in shares of Advanced Semiconductor Engnrng during the third quarter worth about $1,134,000. Hedge funds and other institutional investors own 7.25% of the company’s stock.
Shares of Advanced Semiconductor Engnrng Inc (NYSE:ASX) traded up 0.81% during midday trading on Friday, hitting $6.25. 797,993 shares of the stock were exchanged. Advanced Semiconductor Engnrng Inc has a 12 month low of $4.39 and a 12 month high of $6.64. The stock has a market cap of $9.60 billion, a P/E ratio of 16.03 and a beta of 0.45. The firm has a 50 day moving average of $6.36 and a 200-day moving average of $5.81.
Separately, Zacks Investment Research raised shares of Advanced Semiconductor Engnrng from a “sell” rating to a “hold” rating in a research note on Tuesday, December 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $6.75.
About Advanced Semiconductor Engnrng
Advanced Semiconductor Engineering, Inc is a provider of semiconductor packaging and testing services. The Company offers a range of semiconductors packaging, testing and electronic manufacturing services (EMS). The Company’s segments include Packaging, Testing, EMS and Others. The Company provides services in packaging bare semiconductors into finished semiconductors with a range of electrical and thermal characteristics, as well as testing services, including front-end engineering testing, wafer probing and final testing services.
