Amkor Technology (AMKR) Stock Rating Upgraded by ValuEngine

Amkor Technology (NASDAQ:AMKR) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other analysts have also commented on the stock. Zacks Investment Research lowered shares of Amkor Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Credit Suisse Group raised shares of Amkor Technology from a “neutral” rating to an “outperform” rating in a research note on Tuesday. Finally, BidaskClub lowered shares of Amkor Technology from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.50.

Shares of Amkor Technology (NASDAQ AMKR) traded up $0.28 during trading hours on Wednesday, hitting $10.31. 1,820,862 shares of the stock were exchanged, compared to its average volume of 1,073,080. The firm has a market cap of $2,273.16, a price-to-earnings ratio of 9.46 and a beta of 2.52. Amkor Technology has a 12 month low of $8.32 and a 12 month 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 quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. Amkor Technology had a net margin of 6.23% and a return on equity of 9.08%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business posted $0.42 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. equities analysts forecast that Amkor Technology will post 0.88 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank raised its holdings in shares of 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. Suntrust Banks Inc. raised its holdings in shares of Amkor Technology by 3.2% during the second quarter. Suntrust Banks Inc. now owns 19,633 shares of the semiconductor company’s stock valued at $191,000 after acquiring an additional 600 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Amkor Technology by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 83,253 shares of the semiconductor company’s stock valued at $813,000 after acquiring an additional 2,281 shares during the period. American International Group Inc. raised its holdings in shares of Amkor Technology by 8.1% during the third quarter. American International Group Inc. now owns 68,328 shares of the semiconductor company’s stock valued at $721,000 after acquiring an additional 5,109 shares during the period. Finally, Strs Ohio raised its holdings in shares of Amkor Technology by 7.0% during the third quarter. Strs Ohio now owns 87,700 shares of the semiconductor company’s stock valued at $925,000 after acquiring an additional 5,700 shares during the period. Institutional investors and hedge funds 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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