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.
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.
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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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