Amkor Technology (NASDAQ:AMKR) was upgraded by equities researchers at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report issued on Tuesday, The Fly reports.
A number of other brokerages also recently weighed in on AMKR. ValuEngine downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub downgraded shares of Amkor Technology from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Finally, Zacks Investment Research downgraded shares of Amkor Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Amkor Technology currently has a consensus rating of “Hold” and a consensus price target of $10.50.
Shares of Amkor Technology (AMKR) traded up $0.23 during midday trading on Tuesday, hitting $9.50. 2,462,600 shares of the stock traded hands, compared to its average volume of 957,787. The company has a market capitalization of $2,360.00, a P/E ratio of 8.72 and a beta of 2.51. Amkor Technology has a 52-week low of $8.32 and a 52-week high of $12.48. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.79.
Hedge funds have recently made changes to their positions in the business. Quantitative Systematic Strategies LLC purchased a new stake in Amkor Technology during the fourth quarter valued at approximately $107,000. M&T Bank Corp purchased a new stake in Amkor Technology during the fourth quarter valued at approximately $111,000. Verition Fund Management LLC purchased a new stake in Amkor Technology during the second quarter valued at approximately $108,000. Regentatlantic Capital LLC purchased a new stake in Amkor Technology during the fourth quarter valued at approximately $113,000. Finally, Amalgamated Bank increased its holdings 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 buying an additional 349 shares during the last quarter. 39.57% of the stock is owned by institutional investors and hedge funds.
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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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