Amkor Technology, Inc. (AMKR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have received a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $10.50.

AMKR has been the subject of a number of research analyst reports. BidaskClub raised shares of Amkor Technology from a “strong sell” rating to a “sell” rating in a research report on Wednesday. ValuEngine raised shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research cut shares of Amkor Technology from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, Credit Suisse Group raised shares of Amkor Technology from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 13th.

Hedge funds have recently added to or reduced their stakes in the business. Quantitative Systematic Strategies LLC bought a new position in Amkor Technology during the fourth quarter worth $107,000. Verition Fund Management LLC bought a new position in Amkor Technology during the second quarter worth $108,000. M&T Bank Corp bought a new position in Amkor Technology during the fourth quarter worth $111,000. Regentatlantic Capital LLC bought a new position in Amkor Technology during the fourth quarter worth $113,000. Finally, Amalgamated Bank boosted its position in Amkor Technology by 2.8% during the second quarter. Amalgamated Bank now owns 12,910 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 349 shares during the period. 39.57% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology (NASDAQ AMKR) traded up $0.02 during trading hours on Tuesday, hitting $10.13. 937,980 shares of the company traded hands, compared to its average volume of 1,204,907. Amkor Technology has a twelve month low of $8.32 and a twelve month high of $12.48. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $2,423.91, a PE ratio of 9.29 and a beta of 2.52.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, February 12th. The semiconductor company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.06. Amkor Technology had a net margin of 6.23% and a return on equity of 9.08%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business earned $0.42 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. research analysts predict that Amkor Technology will post 0.78 EPS for the current year.

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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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