Amkor Technology Inc. (AMKR) Stock Price Up 2.7%
Shares of Amkor Technology Inc. (NASDAQ:AMKR) rose 2.7% during trading on Friday . The stock traded as high as $8.79 and last traded at $8.77, with a volume of 977,674 shares traded. The stock had previously closed at $8.54.
AMKR has been the subject of several research reports. Zacks Investment Research cut Amkor Technology from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Citigroup Inc. cut Amkor Technology from a “neutral” rating to a “sell” rating in a report on Wednesday, May 25th. Deutsche Bank AG upped their target price on Amkor Technology from $6.00 to $7.50 and gave the company a “hold” rating in a report on Tuesday, August 2nd. Credit Suisse Group AG cut Amkor Technology from an “outperform” rating to a “neutral” rating in a report on Thursday, April 28th. Finally, Topeka Capital Markets upped their target price on Amkor Technology from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, April 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $6.99.
The firm has a market cap of $2.12 billion and a price-to-earnings ratio of 80.00. The company’s 50-day moving average is $6.47 and its 200 day moving average is $5.83.
Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.10. During the same period in the prior year, the business earned $0.08 earnings per share. The business earned $917 million during the quarter, compared to analyst estimates of $876.28 million. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. On average, equities research analysts expect that Amkor Technology Inc. will post $0.42 earnings per share for the current year.
In other news, Director James W. Zug sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was 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 directly owns 55,828 shares of the company’s stock, valued at approximately $422,059.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
An institutional investor recently raised its position in Amkor Technology stock. California Public Employees Retirement System raised its stake in shares of Amkor Technology Inc. (NASDAQ:AMKR) by 2.9% during the fourth quarter, according to its most recent disclosure 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 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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