Amkor Technology Price Target Raised to $6.00 at Topeka Capital Markets (AMKR)
Investment analysts at Topeka Capital Markets boosted their price target on shares of Amkor Technology (NASDAQ:AMKR) from $5.00 to $6.00 in a note issued to investors on Tuesday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ price target suggests a potential upside of 12.78% from the stock’s previous close.
Separately, analysts at Thomson Reuters/Verus upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 5th.
Shares of Amkor Technology (NASDAQ:AMKR) traded up 0.28% during mid-day trading on Tuesday, hitting $5.32. The stock had a trading volume of 1,055,042 shares. Amkor Technology has a 52-week low of $3.55 and a 52-week high of $5.39. The stock’s 50-day moving average is $4.56 and its 200-day moving average is $4.36. The company has a market cap of $1.159 billion and a price-to-earnings ratio of 15.20.
Amkor Technology (NASDAQ:AMKR) last released its earnings data on Monday, October 28th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.01. The company had revenue of $768.00 million for the quarter, compared to the consensus estimate of $737.03 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts expect that Amkor Technology will post $0.47 EPS for the current fiscal year.
Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging (assembly) and test services.
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