Amkor Technology Inc. (NASDAQ:AMKR) shares saw strong trading volume on Friday . 825,376 shares traded hands during trading, an increase of 13% from the previous session’s volume of 727,331 shares.The stock last traded at $6.24 and had previously closed at $6.27.

AMKR has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. Credit Suisse Group AG lowered shares of Amkor Technology from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 28th. Topeka Capital Markets upped their target price on shares of Amkor Technology from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, April 28th. Finally, Citigroup Inc. lowered shares of Amkor Technology from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $6.66.

The firm’s 50-day moving average price is $6.03 and its 200-day moving average price is $5.68. The company has a market capitalization of $1.49 billion and a PE ratio of 54.52.

Several large investors recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in shares of 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. Nationwide Fund Advisors raised its stake in shares of 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. State Board of Administration of Florida Retirement System raised its stake in shares of 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. Finally, California Public Employees Retirement System raised its stake in shares of 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.

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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