Amkor Technology Inc. (NASDAQ:AMKR) shares rose 6.9% during mid-day trading on Friday . The company traded as high as $8.09 and last traded at $8.07, with a volume of 2,155,976 shares traded. The stock had previously closed at $7.55.

AMKR has been the topic of a number of research reports. Zacks Investment Research downgraded Amkor Technology from a “hold” rating to a “sell” rating in a research note on Monday, April 11th. Topeka Capital Markets raised their price target on Amkor Technology from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, April 28th. Credit Suisse Group AG downgraded Amkor Technology from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 28th. Citigroup Inc. cut Amkor Technology from a “neutral” rating to a “sell” rating in a research report on Wednesday, May 25th. Finally, Deutsche Bank AG increased their price objective on Amkor Technology from $6.00 to $7.50 and gave the stock a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $6.99.

The company has a market capitalization of $1.91 billion and a P/E ratio of 71.96. The firm has a 50 day moving average price of $6.14 and a 200-day moving average price of $5.74.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, August 1st. The company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.10. The business earned $917 million during the quarter, compared to analyst estimates of $876.28 million. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. Equities analysts predict that Amkor Technology Inc. will post $0.42 earnings per share for the current fiscal year.

In related news, Director James W. Zug sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $7.56, for a total value of $75,600.00. Following the transaction, the director now owns 55,828 shares in the company, valued at $422,059.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. 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 valued at $3,034,000 after buying an additional 387,186 shares during the period. 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 valued at $2,257,000 after buying an additional 192,877 shares during the period. Finally, 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 valued at $4,889,000 after buying an additional 22,800 shares during the period.

Amkor Technology, Inc 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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