Credit Suisse Increases Amkor Technology Price Target to $8.40 (AMKR)
Research analysts at Credit Suisse upped their target price on shares of Amkor Technology (NASDAQ:AMKR) from $5.50 to $8.40 in a report released on Tuesday, Analyst Ratings.Net reports. Credit Suisse’s price objective would suggest a potential upside of 7.69% from the stock’s previous close.
Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Amkor Technology in a research note on Tuesday, April 22nd. They now have a $8.25 price target on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $7.41.
Amkor Technology (NASDAQ:AMKR) traded up 10.33% on Tuesday, hitting $7.80. 5,788,494 shares of the company’s stock traded hands. Amkor Technology has a 52 week low of $3.91 and a 52 week high of $7.50. The stock’s 50-day moving average is $6.7 and its 200-day moving average is $5.8. The company has a market cap of $1.700 billion and a price-to-earnings ratio of 14.08.
Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.06. The company had revenue of $696.00 million for the quarter, compared to the consensus estimate of $678.13 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Amkor Technology will post $0.60 earnings per share for the current fiscal year.
Amkor Technology, Inc (NASDAQ:AMKR) is a provider of outsourced semiconductor packaging (assembly) and test services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.