Amkor Technology, Inc. (AMKR) Receives Consensus Recommendation of “Hold” from Brokerages

Amkor Technology, Inc. (NASDAQ:AMKR) has been assigned a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $10.50.

AMKR has been the topic of a number of recent analyst reports. Credit Suisse Group upgraded shares of Amkor Technology from a “neutral” rating to an “outperform” rating in a research note on Tuesday. ValuEngine lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub lowered shares of Amkor Technology from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Finally, Zacks Investment Research lowered shares of Amkor Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st.

Shares of Amkor Technology (NASDAQ AMKR) traded up $0.23 during trading on Tuesday, hitting $9.50. 2,462,600 shares of the stock were exchanged, compared to its average volume of 972,766. The firm has a market cap of $2,360.00, a price-to-earnings ratio of 8.72 and a beta of 2.51. 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 issued its earnings results on Monday, February 12th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.09 billion. Amkor Technology had a net margin of 6.41% and a return on equity of 12.04%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 EPS. equities analysts expect that Amkor Technology will post 0.51 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Convergence Investment Partners LLC acquired a new stake in Amkor Technology during the fourth quarter worth about $2,022,000. Macquarie Group Ltd. acquired a new stake in Amkor Technology during the third quarter worth about $296,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in Amkor Technology by 42.5% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 111,240 shares of the semiconductor company’s stock worth $1,174,000 after acquiring an additional 33,150 shares during the period. Cubist Systematic Strategies LLC raised its stake in Amkor Technology by 73.9% during the third quarter. Cubist Systematic Strategies LLC now owns 50,260 shares of the semiconductor company’s stock worth $530,000 after acquiring an additional 21,358 shares during the period. Finally, USA Financial Portformulas Corp acquired a new stake in Amkor Technology during the third quarter worth about $408,000. Hedge funds and other institutional investors own 39.57% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/02/13/amkor-technology-inc-amkr-receives-consensus-recommendation-of-hold-from-brokerages.html.

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.

Receive News & Ratings for Amkor Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amkor Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply