Amkor Technology Inc. (NASDAQ:AMKR) reached a new 52-week high during trading on Monday . The company traded as high as $9.28 and last traded at $9.19, with a volume of 1,163,942 shares. The stock had previously closed at $8.96.

A number of equities research analysts have recently commented on AMKR shares. Zacks Investment Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating and set a $8.75 target price on the stock in a research note on Wednesday, August 3rd. Citigroup Inc. cut Amkor Technology from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 25th. Deutsche Bank AG increased their price objective on Amkor Technology from $6.00 to $7.50 and gave the company a “hold” rating in a research report on Tuesday, August 2nd. Topeka Capital Markets increased their price objective on Amkor Technology from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, April 28th. Finally, Credit Suisse Group AG cut 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 assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Amkor Technology presently has a consensus rating of “Hold” and a consensus price target of $6.99.

The stock has a 50-day moving average of $6.55 and a 200 day moving average of $5.85. The stock has a market cap of $2.19 billion and a price-to-earnings ratio of 81.50.

Amkor Technology (NASDAQ:AMKR) last issued its 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 firm earned $0.08 earnings per share. The firm had revenue of $917 million for the quarter, compared to the consensus estimate of $876.28 million. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. Equities analysts anticipate that Amkor Technology Inc. will post $0.42 EPS for the current fiscal year.

In other news, Director James W. Zug sold 10,000 shares of the business’s stock in a transaction 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 transaction, 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 filing with the SEC, which is available at this hyperlink.

A hedge fund recently raised its stake 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 filing with the Securities and Exchange Commission (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 at the end of the most recent quarter.

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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