Rating Report: Time To Sell Advanced Semiconductor Engineer (NYSE:ASX), Goldman Sachs Downgrades It

November 25, 2016 - By Marguerite Chambers

Rating Report: Time To Sell Advanced Semiconductor Engineer (NYSE:ASX), Goldman Sachs Downgrades It

Advanced Semiconductor Engineer (NYSE:ASX) Downgrade

Advanced Semiconductor Engineer (NYSE:ASX)‘s stock was downgraded to a Neutral by investment analysts at Goldman Sachs. ASX’s Buy rating is no longer valid.

Advanced Semiconductor Engineering (ADR) (NYSE:ASX) Ratings Coverage

Out of 2 analysts covering Advanced Semiconductor Engineering (NYSE:ASX), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Advanced Semiconductor Engineering has been the topic of 2 analyst reports since May 31, 2016 according to StockzIntelligence Inc. The firm has “Buy” rating by Nomura given on Thursday, May 26. As per Tuesday, May 31, the company rating was upgraded by UBS.

The stock decreased 1.47% or $0.08 on November 25, hitting $5.38. About 334,978 shares traded hands. Advanced Semiconductor Engineering (ADR) (NYSE:ASX) has risen 2.06% since April 22, 2016 and is uptrending. It has underperformed by 3.35% the S&P500.

Analysts await Advanced Semiconductor Engineering (ADR) (NYSE:ASX) to report earnings on February, 3.

Advanced Semiconductor Engineering, Inc. is a well-known provider of semiconductor packaging and testing services. The company has a market cap of $8.54 billion. The Firm offers a range of semiconductors packaging, testing and electronic manufacturing services . It has a 15.92 P/E ratio. The Company’s divisions include Packaging, Testing, EMS and Others.

According to Zacks Investment Research, “Advanced Semiconductor Engineering, Inc. is an independent provider of semiconductor packaging services and semiconductor testing services, including front-end engineering testing, wafer probing and final testing services. The company offers packaging and testing services separately and on a turnkey basis. Turnkey services consist of integrated packaging, testing and direct shipment of semiconductors to end users designated by customers. The company is able to expand the traditional scope of turnkey services to offer total semiconductor manufacturing services to customers.”

ASX Company Profile

Advanced Semiconductor Engineering, Inc., incorporated on March 23, 1984, is a well-known provider of semiconductor packaging and testing services. The Firm offers a range of semiconductors packaging, testing and electronic manufacturing services (EMS). The Company’s divisions include Packaging, Testing, EMS and Others. The Firm 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. It also sells goods from EMS. The Firm engages in other activities, such as substrate production and real estate business.

More news for Advanced Semiconductor Engineering (ADR) (NYSE:ASX) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. Marketwatch.com‘s article titled: “Advanced Semiconductor Engineering Inc. ADR” and published on December 21, 2009 is yet another important article.

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