Shares of Amkor Technology Inc. (NASDAQ:AMKR) hit a new 52-week high during mid-day trading on Monday . The stock 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.

AMKR has been the topic of several recent research reports. Deutsche Bank AG raised their price target on Amkor Technology from $6.00 to $7.50 and gave the stock a “hold” rating in a report on Tuesday, August 2nd. Zacks Investment Research upgraded 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. Credit Suisse Group AG restated a “neutral” rating on shares of Amkor Technology in a research report on Tuesday. Citigroup Inc. raised their target price on Amkor Technology from $5.00 to $6.20 and gave the company a “sell” rating in a research report on Wednesday, August 3rd. Finally, Topeka Capital Markets raised their target price on Amkor Technology from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, April 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.99.

The stock’s 50-day moving average is $6.75 and its 200 day moving average is $5.90. The stock has a market cap of $2.12 billion and a P/E ratio of 79.12.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.10. The firm had revenue of $917 million for the quarter, compared to the consensus estimate of $876.28 million. The company’s revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. On average, equities analysts predict 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 business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $7.56, for a total transaction of $75,600.00. Following the transaction, the director now directly owns 55,828 shares in the company, valued at $422,059.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

A hedge fund recently raised its stake in Amkor Technology stock. Bank of Montreal Can boosted its stake in shares of Amkor Technology Inc. (NASDAQ:AMKR) by 346.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 498,882 shares of the company’s stock after buying an additional 387,186 shares during the period. Bank of Montreal Can owned about 0.21% of Amkor Technology worth $3,034,000 at the end of the most recent reporting 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.