Amkor Technology Inc. (NASDAQ:AMKR)’s share price rose 2.7% during mid-day 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.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Amkor Technology from a “hold” rating to a “strong-buy” rating and set a $8.75 target price on the stock in a research report on Wednesday, August 3rd. Citigroup Inc. downgraded shares of Amkor Technology from a “neutral” rating to a “sell” rating in a research report on Wednesday, May 25th. Deutsche Bank AG lifted their target price on shares of Amkor Technology from $6.00 to $7.50 and gave the stock a “hold” rating in a research report on Tuesday, August 2nd. Topeka Capital Markets lifted their target price on shares of Amkor Technology from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, April 28th. Finally, Credit Suisse Group AG downgraded shares of Amkor Technology from an “outperform” rating to a “neutral” rating in a research report on Thursday, April 28th. One 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 company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $6.99.

The company has a market cap of $2.13 billion and a PE ratio of 79.29. The company’s 50-day moving average price is $6.55 and its 200 day moving average price is $5.85.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.10. During the same period in the prior year, the company earned $0.08 EPS. The company had revenue of $917 million for the quarter, compared to the consensus estimate of $876.28 million. The firm’s revenue was up 24.4% compared to the same quarter last year. On average, analysts anticipate that Amkor Technology Inc. will post $0.42 EPS for the current fiscal year.

In other Amkor Technology news, Director James W. Zug sold 10,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $7.56, for a total transaction of $75,600.00. Following the sale, the director now owns 55,828 shares of the company’s stock, valued at approximately $422,059.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

A hedge fund recently raised its stake in Amkor Technology stock. California Public Employees Retirement System raised its position in shares of Amkor Technology Inc. (NASDAQ:AMKR) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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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