Shares of Amkor Technology Inc. (NASDAQ:AMKR) shot up 3% during mid-day trading on Wednesday . The stock traded as high as $6.48 and last traded at $6.45, with a volume of 595,283 shares changing hands. The stock had previously closed at $6.26.

Several research firms have issued reports on AMKR. Zacks Investment Research raised Amkor Technology from a “sell” rating to a “hold” rating in a report on Monday, April 4th. Citigroup Inc. downgraded Amkor Technology from a “neutral” rating to a “sell” rating in a research report on Wednesday, May 25th. Credit Suisse Group AG downgraded Amkor Technology from an “outperform” rating to a “neutral” rating in a research report on Thursday, April 28th. Finally, Topeka Capital Markets boosted their price objective on Amkor Technology from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, April 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $6.66.

The company has a market cap of $1.54 billion and a P/E ratio of 56.26. The firm has a 50 day moving average of $6.02 and a 200 day moving average of $5.68.

A number of large investors recently made changes to their positions in AMKR. State Board of Administration of Florida Retirement System increased 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 valued at $1,488,000 after buying an additional 11,899 shares in the last quarter. California Public Employees Retirement System increased 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 valued at $4,889,000 after buying an additional 22,800 shares in the last quarter. Nationwide Fund Advisors increased 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 valued at $2,257,000 after buying an additional 192,877 shares in the last quarter. Finally, Bank of Montreal Can increased 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 valued at $3,034,000 after buying an additional 387,186 shares in 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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