Advanced Semiconductor Engineering Inc (NYSE: ASX) was upgraded by equities research analysts at HSBC (NYSE: HBC) from a “neutral” rating to an “overweight” rating in a research note issued to investors on Tuesday.

Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Advanced Semiconductor Engineering Inc in a research note to investors on Thursday, April 14th.

Shares of Advanced Semiconductor Engineering Inc opened at 4.49 on Wednesday. Advanced Semiconductor Engineering Inc has a 52 week low of $3.56 and a 52 week high of $6.66. The stock’s 50-day moving average is $4.82 and its 200-day moving average is $5.46. The company has a market cap of $5.981 billion and a price-to-earnings ratio of 9.87.

Advanced Semiconductor Engineering, Inc. is principally engaged in the manufacture, assembly, processing, testing and distribution of integrated circuits (ICs). The Company provides semiconductor packaging and testing services, including plastic leaded chip carriers (PLCCs), quad flat packages (QFPs) and flip chip packaging technology, among others, which are applied in the manufacture of household electrical appliances, communication devices, automobile components, personal computers, set top boxes, servers, memory integrated circuits (ICs), mobile phones, digital cameras, game consoles, projectors, high definition (HD) televisions, wireless communication network products and power management ICs, among others. The Company operates its businesses primarily in Taiwan, Europe and the Americas. In August 2010, the Company acquired a 100% interest in EEMS Test Singapore.