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. The stock had previously closed at $6.26.

Several research firms have issued reports on AMKR. Zacks Investment Research cut 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 report on Thursday, April 28th. Topeka Capital Markets increased their price target on shares of Amkor Technology from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, April 28th. Finally, Citigroup Inc. lowered shares of Amkor Technology from a “neutral” rating to a “sell” rating in a report on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Amkor Technology has a consensus rating of “Hold” and an average target price of $6.66.

The company has a market cap of $1.50 billion and a PE ratio of 54.78. The company has a 50-day moving average price of $6.02 and a 200 day moving average price of $5.69.

A number of hedge funds have made changes to their positions in AMKR. 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 valued at $3,034,000 after buying an additional 387,186 shares during the period. 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 valued at $2,257,000 after buying an additional 192,877 shares during the period. 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 valued at $4,889,000 after buying an additional 22,800 shares during the period. Finally, 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 valued at $1,488,000 after buying an additional 11,899 shares during the period.

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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