Siliconware Precision Industries (SPIL) Sees Large Volume Increase

Siliconware Precision Industries (NASDAQ:SPIL) saw an uptick in trading volume on Tuesday . 848,726 shares traded hands during trading, an increase of 784% from the previous session’s volume of 96,050 shares.The stock last traded at $8.59 and had previously closed at $8.58.

Several brokerages recently weighed in on SPIL. BidaskClub downgraded Siliconware Precision Industries from a “hold” rating to a “sell” rating in a research note on Friday, March 9th. ValuEngine downgraded Siliconware Precision Industries from a “buy” rating to a “hold” rating in a research note on Friday, April 6th.

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The company has a quick ratio of 1.64, a current ratio of 1.87 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $5,359.52, a price-to-earnings ratio of 28.67 and a beta of 0.33.

Siliconware Precision Industries (NASDAQ:SPIL) last announced its earnings results on Friday, January 26th. The semiconductor company reported $0.08 earnings per share for the quarter. Siliconware Precision Industries had a return on equity of 10.27% and a net margin of 8.28%. The firm had revenue of $718.17 million for the quarter.

A number of hedge funds have recently made changes to their positions in the stock. Naples Global Advisors LLC grew its stake in Siliconware Precision Industries by 8.7% during the 4th quarter. Naples Global Advisors LLC now owns 98,248 shares of the semiconductor company’s stock worth $826,000 after buying an additional 7,833 shares during the last quarter. Eqis Capital Management Inc. grew its stake in Siliconware Precision Industries by 9.4% during the 4th quarter. Eqis Capital Management Inc. now owns 148,568 shares of the semiconductor company’s stock valued at $1,249,000 after purchasing an additional 12,780 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Siliconware Precision Industries by 4.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 370,344 shares of the semiconductor company’s stock valued at $2,922,000 after purchasing an additional 15,800 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Siliconware Precision Industries by 7.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 488,660 shares of the semiconductor company’s stock valued at $3,856,000 after purchasing an additional 33,480 shares during the last quarter. Finally, Athos Capital Ltd purchased a new stake in Siliconware Precision Industries during the 3rd quarter valued at about $315,000. Hedge funds and other institutional investors own 2.74% of the company’s stock.

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About Siliconware Precision Industries

Siliconware Precision Industries Co, Ltd. provides semiconductor packaging and testing services in the United States, China, Taiwan, Europe, and internationally. It provides packaging and testing solutions, including advanced packages, substrate packages, and lead-frame packages, as well as testing for logic and mixed signal devices to measure and ensure the performance, functionality, and reliability of packaged semiconductor devices.

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