Siliconware Precision Industries (NASDAQ:SPIL) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Saturday.

Siliconware Precision Industries (SPIL) opened at $8.31 on Friday. Siliconware Precision Industries has a 52-week low of $7.05 and a 52-week high of $8.39. The stock has a market capitalization of $5,178.79, a P/E ratio of 23.08 and a beta of 0.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 1.05.

Large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of Siliconware Precision Industries by 260.8% in the 2nd quarter. Royal Bank of Canada now owns 41,929 shares of the semiconductor company’s stock worth $334,000 after acquiring an additional 30,307 shares in the last quarter. Morgan Stanley raised its position in shares of Siliconware Precision Industries by 183.6% in the 1st quarter. Morgan Stanley now owns 155,836 shares of the semiconductor company’s stock worth $1,262,000 after acquiring an additional 100,883 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Siliconware Precision Industries by 6.2% in the 2nd quarter. Parallel Advisors LLC now owns 16,158 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 941 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Siliconware Precision Industries by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 5,882,547 shares of the semiconductor company’s stock worth $46,884,000 after acquiring an additional 302,125 shares in the last quarter. Finally, Aperio Group LLC raised its position in shares of Siliconware Precision Industries by 4.9% in the 3rd quarter. Aperio Group LLC now owns 2,004,482 shares of the semiconductor company’s stock worth $15,815,000 after acquiring an additional 93,066 shares in the last quarter. 2.74% of the stock is owned by hedge funds and other institutional investors.

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About Siliconware Precision Industries

Siliconware Precision Industries Co, Ltd. is a Taiwan-based company mainly engaged in the provision of packaging and testing services of integrated circuits (ICs) and related products. The Company’s businesses include the manufacture, processing, assembly, testing and importing and exporting of ICs, transistors, light emitting diode (LED) digital displays, LED lights, liquid crystal display (LCD) clock cores, phototransistors, synthesis circuits, as well as thin film circuits and thick film circuits.

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