Amkor Technology Inc. (AMKR) Reaches New 12-Month High at $8.30
Amkor Technology Inc. (NASDAQ:AMKR) hit a new 52-week high on Monday . The stock traded as high as $8.30 and last traded at $8.24, with a volume of 1,568,603 shares changing hands. The stock had previously closed at $8.06.
Several brokerages have weighed in on AMKR. Zacks Investment Research raised shares of Amkor Technology from a “hold” rating to a “strong-buy” rating and set a $8.75 price target for the company in a research report on Wednesday, August 3rd. Topeka Capital Markets increased their price target on shares of Amkor Technology from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, April 28th. Credit Suisse Group AG cut shares of Amkor Technology from an “outperform” rating to a “neutral” rating in a research report on Thursday, April 28th. Deutsche Bank AG increased their price target on shares of Amkor Technology from $6.00 to $7.50 and gave the company a “hold” rating in a research report on Tuesday, August 2nd. Finally, Citigroup Inc. increased their price target on shares of Amkor Technology from $5.00 to $6.20 and gave the company a “sell” rating in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Amkor Technology presently has a consensus rating of “Hold” and an average target price of $6.99.
The company has a market capitalization of $1.94 billion and a PE ratio of 73.04. The company has a 50 day moving average of $6.21 and a 200-day moving average of $5.76.
Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.10. During the same quarter in the prior year, the firm posted $0.08 EPS. The business earned $917 million during 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 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 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 owns 55,828 shares in the company, valued at $422,059.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 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.
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