Wetherby Asset Management Inc. boosted its stake in Advanced Semiconductor Engineering, Inc. (NYSE:ASX) by 12.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,595 shares of the semiconductor company’s stock after buying an additional 10,850 shares during the period. Wetherby Asset Management Inc.’s holdings in Advanced Semiconductor Engineering were worth $622,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Greenleaf Trust purchased a new position in shares of Advanced Semiconductor Engineering during the first quarter valued at $191,000. Janney Montgomery Scott LLC purchased a new position in shares of Advanced Semiconductor Engineering during the first quarter valued at $227,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Advanced Semiconductor Engineering during the first quarter valued at $1,705,000. Oxford Asset Management purchased a new position in shares of Advanced Semiconductor Engineering during the first quarter valued at $1,762,000. Finally, Hansberger Growth Investors LP increased its position in shares of Advanced Semiconductor Engineering by 2.7% in the first quarter. Hansberger Growth Investors LP now owns 608,695 shares of the semiconductor company’s stock valued at $3,944,000 after buying an additional 16,078 shares in the last quarter. 6.59% of the stock is owned by institutional investors.

Advanced Semiconductor Engineering, Inc. (NYSE ASX) opened at 6.15 on Friday. The company has a market cap of $9.98 billion, a P/E ratio of 13.82 and a beta of 0.53. Advanced Semiconductor Engineering, Inc. has a one year low of $4.89 and a one year high of $6.70. The company has a 50-day moving average of $6.42 and a 200 day moving average of $6.26.

Advanced Semiconductor Engineering (NYSE:ASX) last released its quarterly earnings data on Friday, July 28th. The semiconductor company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Advanced Semiconductor Engineering had a net margin of 8.48% and a return on equity of 14.06%. The company had revenue of $2.18 billion during the quarter. Analysts anticipate that Advanced Semiconductor Engineering, Inc. will post $0.44 earnings per share for the current year.

The company also recently disclosed a dividend, which was paid on Friday, August 11th. Shareholders of record on Friday, August 11th were issued a $0.164 dividend. The ex-dividend date was Wednesday, August 9th. Advanced Semiconductor Engineering’s payout ratio is 79.55%.

TRADEMARK VIOLATION WARNING: This piece was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.watchlistnews.com/advanced-semiconductor-engineering-inc-asx-stake-increased-by-wetherby-asset-management-inc/1477456.html.

ASX has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Advanced Semiconductor Engineering from a “buy” rating to a “sell” rating in a report on Tuesday, May 2nd. BidaskClub downgraded shares of Advanced Semiconductor Engineering from a “buy” rating to a “hold” rating in a report on Friday, June 16th.

About Advanced Semiconductor Engineering

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.

Want to see what other hedge funds are holding ASX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Semiconductor Engineering, Inc. (NYSE:ASX).

Institutional Ownership by Quarter for Advanced Semiconductor Engineering (NYSE:ASX)

Receive News & Ratings for Advanced Semiconductor Engineering Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Semiconductor Engineering Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.