Amkor Technology, Inc. (NASDAQ:AMKR) has been given an average rating of “Hold” by the six analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $10.50.
AMKR has been the subject 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 report on Tuesday, February 13th. ValuEngine lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub lowered shares of Amkor Technology from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Finally, Zacks Investment Research lowered shares of Amkor Technology from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 14th.
Amkor Technology (AMKR) traded up $0.12 during trading hours on Friday, reaching $11.25. 1,098,492 shares of the company were exchanged, compared to its average volume of 1,026,739. Amkor Technology has a 52 week low of $8.32 and a 52 week high of $12.48. The company has a quick ratio of 0.97, a current ratio of 1.21 and a debt-to-equity ratio of 0.73. The company has a market cap of $2,660.00, a price-to-earnings ratio of 12.23 and a beta of 2.42.
In other Amkor Technology news, Director Winston J. Churchill sold 60,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $11.36, for a total value of $681,600.00. Following the completion of the transaction, the director now directly owns 48,776 shares in the company, valued at approximately $554,095.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 58.10% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Amkor Technology by 4.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,647,937 shares of the semiconductor company’s stock worth $154,536,000 after acquiring an additional 678,213 shares in the last quarter. LSV Asset Management increased its stake in shares of Amkor Technology by 0.7% in the 4th quarter. LSV Asset Management now owns 8,814,472 shares of the semiconductor company’s stock worth $88,585,000 after acquiring an additional 63,215 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Amkor Technology by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,916,678 shares of the semiconductor company’s stock worth $30,771,000 after acquiring an additional 176,975 shares in the last quarter. State Street Corp increased its stake in shares of Amkor Technology by 5.0% in the 2nd quarter. State Street Corp now owns 2,286,667 shares of the semiconductor company’s stock worth $22,344,000 after acquiring an additional 107,911 shares in the last quarter. Finally, Walthausen & Co. LLC bought a new position in shares of Amkor Technology in the 3rd quarter worth about $18,815,000. Institutional investors and hedge funds own 40.24% of the company’s stock.
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Amkor Technology Company Profile
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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