Amkor Technology Inc. (AMKR) Sees Large Volume Increase
Amkor Technology Inc. (NASDAQ:AMKR) shares saw an uptick in trading volume on Wednesday . 2,465,960 shares traded hands during mid-day trading, an increase of 7% from the previous session’s volume of 2,306,359 shares.The stock last traded at $9.48 and had previously closed at $8.94.
A number of research firms have recently weighed in on AMKR. Credit Suisse Group AG reissued a “neutral” rating on shares of Amkor Technology in a research note on Tuesday. Zacks Investment Research raised Amkor Technology from a “hold” rating to a “strong-buy” rating and set a $8.75 price target on the stock in a research note on Wednesday, August 3rd. Citigroup Inc. increased their price target on Amkor Technology from $5.00 to $6.20 and gave the company a “sell” rating in a research note on Wednesday, August 3rd. Deutsche Bank AG increased their price target on Amkor Technology from $6.00 to $7.50 and gave the company a “hold” rating in a research note on Tuesday, August 2nd. Finally, Topeka Capital Markets increased their price target 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 given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $6.99.
The company has a 50 day moving average of $6.96 and a 200 day moving average of $5.95. The firm has a market cap of $2.20 billion and a price-to-earnings ratio of 81.95.
Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, August 1st. The company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.10. The company had revenue of $917 million for the quarter, compared to analysts’ expectations of $876.28 million. Amkor Technology’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. On average, analysts expect that Amkor Technology Inc. will post $0.42 earnings per share for the current fiscal year.
In other news, Director James W. Zug sold 10,000 shares of the company’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 transaction of $75,600.00. Following the completion of the sale, the director now owns 55,828 shares in the company, valued at $422,059.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
A hedge fund recently raised its stake in Amkor Technology stock. Bank of Montreal Can raised its stake in Amkor Technology Inc. (NASDAQ:AMKR) by 346.6% during the fourth quarter, according to its most recent Form 13F filing with the 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 approximately 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.
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