Advanced Semiconductor Engineering (ASX) Trading With Heavy Volume Before Market Open
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
Advanced Semiconductor Engineering
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Advanced Semiconductor Engineering as such a stock due to the following factors:
- ASX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $11.2 million
- ASX traded 265,267 shares today in the pre-market hours as of 8:30 AM, representing 18.7% of its average daily volume
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More details on ASX:
Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, and Europe. The stock currently has a dividend yield of 2%. ASX has a PE ratio of 22.300000000000000710542735760100185871124267578125. Currently there is one analyst that rates Advanced Semiconductor Engineering a buy, no analysts rate it a sell, and one rates it a hold.
The average volume for Advanced Semiconductor Engineering has been 1.2 million shares per day over the past 30 days. Advanced Semiconductor Engineering has a market cap of $11.56 billion and is part of the technology sector and electronics industry. Shares are up 20.6% year-to-date as of the close of trading on Friday.
Analysis:
rates Advanced Semiconductor Engineering as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.
Highlights from the ratings report include:
- Powered by its strong earnings growth of 40.00% and other important driving factors, this stock has surged by 45.45% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, ASX should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- ADVANCED SEMICON ENGINEERING has improved earnings per share by 40.0% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ADVANCED SEMICON ENGINEERING increased its bottom line by earning $0.47 versus $0.33 in the prior year. This year, the market expects an improvement in earnings ($0.49 versus $0.47).
- The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Semiconductors & Semiconductor Equipment industry average. The net income increased by 41.9% when compared to the same quarter one year prior, rising from $161.84 million to $229.63 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 10.7%. Since the same quarter one year prior, revenues slightly increased by 5.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- You can view the full Advanced Semiconductor Engineering Ratings Report
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