Amkor Technology (AMKR) Lowered to Hold at ValuEngine

Amkor Technology (NASDAQ:AMKR) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

AMKR has been the topic of a number of other research reports. Zacks Investment Research cut Amkor Technology from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. BidaskClub cut Amkor Technology from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $10.50.

Amkor Technology (NASDAQ AMKR) traded down $0.12 on Friday, hitting $10.45. The company had a trading volume of 1,192,627 shares, compared to its average volume of 741,405. The firm has a market cap of $2,500.48, a PE ratio of 13.93 and a beta of 2.63. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.79. Amkor Technology has a 1-year low of $8.32 and a 1-year high of $12.48.

Amkor Technology (NASDAQ:AMKR) last announced its earnings results on Monday, October 30th. The semiconductor company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Amkor Technology had a return on equity of 12.04% and a net margin of 6.41%. Amkor Technology’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. equities analysts expect that Amkor Technology will post 0.51 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Amkor Technology by 4.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,647,937 shares of the semiconductor company’s stock valued at $154,536,000 after buying an additional 678,213 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Amkor Technology by 3.1% during the second quarter. Vanguard Group Inc. now owns 13,289,262 shares of the semiconductor company’s stock worth $129,836,000 after purchasing an additional 405,622 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Amkor Technology by 2.9% during the second quarter. LSV Asset Management now owns 8,476,783 shares of the semiconductor company’s stock worth $82,818,000 after purchasing an additional 237,311 shares during the last quarter. AJO LP boosted its holdings in shares of Amkor Technology by 313.9% during the second quarter. AJO LP now owns 5,119,841 shares of the semiconductor company’s stock worth $50,021,000 after purchasing an additional 3,882,836 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Amkor Technology by 2.0% during the second quarter. Northern Trust Corp now owns 3,199,932 shares of the semiconductor company’s stock worth $31,264,000 after purchasing an additional 63,265 shares during the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

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About Amkor Technology

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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