Amkor Technology Inc. (NASDAQ:AMKR) shot up 5.7% during mid-day trading on Friday . The company traded as high as $5.93 and last traded at $5.92, with a volume of 389,297 shares trading hands. The stock had previously closed at $5.60.

A number of brokerages have weighed in on AMKR. Credit Suisse Group AG lowered Amkor Technology from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 28th. Zacks Investment Research lowered Amkor Technology from a “buy” rating to a “hold” rating in a research note on Thursday. Topeka Capital Markets raised their price objective on Amkor Technology from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, April 28th. Finally, Citigroup Inc. lowered Amkor Technology from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Amkor Technology currently has an average rating of “Hold” and an average target price of $6.51.

The stock has a market cap of $1.41 billion and a P/E ratio of 51.83. The company has a 50-day moving average price of $6.03 and a 200-day moving average price of $5.68.

A number of hedge funds have recently added to or reduced their stakes in AMKR. Bank of Montreal Can boosted its stake in Amkor Technology by 346.6% in the fourth quarter. Bank of Montreal Can now owns 498,882 shares of the company’s stock worth $3,034,000 after buying an additional 387,186 shares during the last quarter. Oxford Asset Management boosted its stake in Amkor Technology by 116.2% in the fourth quarter. Oxford Asset Management now owns 566,910 shares of the company’s stock worth $3,549,000 after buying an additional 304,649 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Amkor Technology by 108.1% in the fourth quarter. Nationwide Fund Advisors now owns 371,227 shares of the company’s stock worth $2,257,000 after buying an additional 192,877 shares during the last quarter. California Public Employees Retirement System boosted its stake in Amkor Technology by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 804,159 shares of the company’s stock worth $4,889,000 after buying an additional 22,800 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in Amkor Technology by 5.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 244,672 shares of the company’s stock worth $1,488,000 after buying an additional 11,899 shares during the last quarter.

Amkor Technology, Inc (Amkor) 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 employed, size, thickness and electrical, and mechanical and thermal performance.

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