Amkor Technology Inc. (NASDAQ:AMKR) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $8.30 and last traded at $8.24, with a volume of 1,568,603 shares trading hands. The stock had previously closed at $8.06.

A number of equities research analysts have recently issued reports on AMKR shares. Zacks Investment Research lowered Amkor Technology from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Citigroup Inc. lowered Amkor Technology from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 25th. Deutsche Bank AG increased their target price on Amkor Technology from $6.00 to $7.50 and gave the company a “hold” rating in a research note on Tuesday, August 2nd. Credit Suisse Group AG lowered Amkor Technology from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 28th. Finally, Topeka Capital Markets increased their target price on Amkor Technology from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, April 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.99.

The firm’s 50 day moving average price is $6.34 and its 200 day moving average price is $5.79. The firm has a market capitalization of $1.98 billion and a PE ratio of 74.46.

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

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

A hedge fund recently raised its stake in Amkor Technology stock. California Public Employees Retirement System boosted its position in shares of Amkor Technology Inc. (NASDAQ:AMKR) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 804,159 shares of the company’s stock after buying an additional 22,800 shares during the period. California Public Employees Retirement System owned approximately 0.34% of Amkor Technology worth $4,889,000 as of its most recent filing with the SEC.

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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