Amkor Technology, Inc. (NASDAQ:AMKR) was the recipient of some unusual options trading on Friday. Stock traders purchased 3,167 put options on the company. This is an increase of approximately 1,731% compared to the average daily volume of 173 put options.
A number of analysts have weighed in on AMKR shares. ValuEngine cut Amkor Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub cut Amkor Technology from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Finally, Zacks Investment Research cut Amkor Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.50.
Amkor Technology (AMKR) opened at $10.35 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.16 and a quick ratio of 0.92. The company has a market capitalization of $2,480.00, a PE ratio of 9.50 and a beta of 2.62. Amkor Technology has a 12 month low of $8.32 and a 12 month high of $12.48.
Institutional investors and hedge funds have recently modified their holdings of the stock. Verition Fund Management LLC bought a new position in Amkor Technology during the second quarter valued at about $108,000. Regentatlantic Capital LLC bought a new position in Amkor Technology during the fourth quarter valued at about $113,000. Amalgamated Bank increased its stake in Amkor Technology by 2.8% during the second quarter. Amalgamated Bank now owns 12,910 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 349 shares during the period. Cookson Peirce & Co. Inc. bought a new position in Amkor Technology during the second quarter valued at about $130,000. Finally, CAPROCK Group Inc. bought a new position in Amkor Technology during the fourth quarter valued at about $148,000. Hedge funds and other institutional investors own 39.46% 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.
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