Amkor Technology Inc. (AMKR) Stock Price Up 6.9%
Shares of Amkor Technology Inc. (NASDAQ:AMKR) rose 6.9% during trading on Friday . The stock traded as high as $8.09 and last traded at $8.07, with a volume of 2,155,976 shares traded. The stock had previously closed at $7.55.
AMKR has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Citigroup Inc. cut shares of Amkor Technology from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 25th. Deutsche Bank AG raised their target price on shares of Amkor Technology from $6.00 to $7.50 and gave the stock a “hold” rating in a research note on Tuesday, August 2nd. Credit Suisse Group AG cut shares of Amkor Technology from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 28th. Finally, Topeka Capital Markets raised their target price on shares of Amkor Technology from $6.00 to $7.00 and gave the stock a “buy” rating in a research note 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 issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $6.99.
The company’s 50 day moving average is $6.21 and its 200 day moving average is $5.76. The company has a market capitalization of $1.91 billion and a PE ratio of 71.96.
Amkor Technology (NASDAQ:AMKR) last posted 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 company earned $917 million during the quarter, compared to analyst estimates of $876.28 million. The company’s revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 earnings per share. On average, equities analysts forecast that Amkor Technology Inc. will post $0.42 EPS for the current fiscal year.
In related news, Director James W. Zug sold 10,000 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $7.56, for a total value of $75,600.00. Following the sale, the director now directly owns 55,828 shares of the company’s stock, valued at $422,059.68. The transaction 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 increased 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 SEC. The fund 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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