The stock of Advanced Semiconductor Engineering (ADR) (NYSE:ASX) hit a new 52-week high and has $9.64 target or 59.00% above today’s $6.06 share price. The 9 months bullish chart indicates low risk for the $9.71 billion company. The 1-year high was reported on Oct, 12 by Barchart.com. If the $9.64 price target is reached, the company will be worth $5.73B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 388,172 shares traded hands. Advanced Semiconductor Engineering (ADR) (NYSE:ASX) has risen 8.04% since March 9, 2016 and is uptrending. It has outperformed by 0.62% the S&P500.
Analysts await Advanced Semiconductor Engineering (ADR) (NYSE:ASX) to report earnings on November, 3.
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. Nomura upgraded the stock to “Buy” rating in Thursday, May 26 report. As per Tuesday, May 31, the company rating was upgraded by UBS.
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.”
More important recent Advanced Semiconductor Engineering (ADR) (NYSE:ASX) news were published by: Marketwatch.com which released: “Advanced Semiconductor Engineering Inc. ADR” on December 21, 2009, also Quotes.Wsj.com published article titled: “DOW JONES, A NEWS CORP COMPANY”, Investorplace.com published: “11 Semiconductors & Semiconductor Equipment Stocks to Buy Now” on August 10, 2016. More interesting news about Advanced Semiconductor Engineering (ADR) (NYSE:ASX) was released by: Investorplace.com and their article: “13 Semiconductors & Semiconductor Equipment Stocks to Buy Now” with publication date: August 17, 2016.
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.
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