Amkor Technology (AMKR) Rating Increased to Outperform at Credit Suisse Group

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.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Monday, February 12th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.06. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.09 billion. Amkor Technology had a net margin of 6.41% and a return on equity of 12.04%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. equities research analysts forecast that Amkor Technology will post 0.51 earnings per share for the current year.

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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