Shares of Amkor Technology Inc. (NASDAQ:AMKR) saw unusually-strong trading volume on Friday . Approximately 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.

A number of equities analysts have recently issued reports on AMKR shares. Zacks Investment Research downgraded Amkor Technology from a “hold” rating to a “sell” rating in a research report on Monday, March 28th. Topeka Capital Markets raised their price objective on Amkor Technology from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, April 28th. Credit Suisse Group AG downgraded Amkor Technology from an “outperform” rating to a “neutral” rating in a research report on Thursday, April 28th. Finally, Citigroup Inc. downgraded Amkor Technology from a “neutral” rating to a “sell” rating in a research report on Wednesday, May 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $6.66.

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

Several institutional investors have recently bought and sold shares of AMKR. Bank of Montreal Can boosted its position 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. California Public Employees Retirement System boosted its position 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. Nationwide Fund Advisors boosted its position 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. Finally, State Board of Administration of Florida Retirement System boosted its position 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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