Amkor Technology, Inc. (AMKR) Given Average Rating of “Hold” by Brokerages

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $10.50.

AMKR has been the topic of a number of recent analyst reports. Deutsche Bank AG reiterated a “hold” rating and issued a $12.00 target price (up previously from $9.50) on shares of Amkor Technology in a research report on Saturday, April 29th. Zacks Investment Research upgraded Amkor Technology from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, May 2nd. ValuEngine upgraded Amkor Technology from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub cut Amkor Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th.

Amkor Technology (NASDAQ AMKR) traded up 2.34% during midday trading on Tuesday, hitting $8.73. 1,124,880 shares of the stock traded hands. The firm has a market cap of $2.09 billion, a P/E ratio of 7.88 and a beta of 2.52. Amkor Technology has a 1-year low of $8.41 and a 1-year high of $12.48. The company has a 50-day moving average price of $10.00 and a 200-day moving average price of $10.70.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. Amkor Technology had a return on equity of 12.95% and a net margin of 6.63%. The business had revenue of $989 million during the quarter, compared to the consensus estimate of $996.10 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. Amkor Technology’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts predict that Amkor Technology will post $0.54 EPS for the current year.

In related news, Director Roger Anthony Carolin sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $12.05, for a total value of $120,500.00. Following the sale, the director now directly owns 39,476 shares in the company, valued at $475,685.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Winston J. Churchill sold 13,402 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $11.00, for a total value of $147,422.00. Following the completion of the sale, the director now owns 42,178 shares in the company, valued at $463,958. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,912 shares of company stock worth $1,581,978. Company insiders own 58.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. boosted its stake in shares of Amkor Technology by 0.3% in the second quarter. Alps Advisors Inc. now owns 43,931 shares of the semiconductor company’s stock valued at $429,000 after buying an additional 113 shares during the last quarter. Amalgamated Bank raised its position in shares of Amkor Technology by 2.8% in the second quarter. Amalgamated Bank now owns 12,910 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 349 shares during the period. Suntrust Banks Inc. raised its position in shares of Amkor Technology by 3.2% in the second quarter. Suntrust Banks Inc. now owns 19,633 shares of the semiconductor company’s stock valued at $191,000 after buying an additional 600 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Amkor Technology by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 62,562 shares of the semiconductor company’s stock valued at $725,000 after buying an additional 743 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Amkor Technology by 1.1% in the second quarter. Rhumbline Advisers now owns 127,662 shares of the semiconductor company’s stock valued at $1,247,000 after buying an additional 1,336 shares during the period. Institutional investors and hedge funds own 38.78% of the company’s stock.

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Amkor Technology Company Profile

Amkor Technology, Inc is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance.

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