Somewhat Positive Media Coverage Somewhat Unlikely to Affect Amkor Technology (AMKR) Share Price
Media headlines about Amkor Technology (NASDAQ:AMKR) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Amkor Technology earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 47.0329458325549 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Shares Seesawing on Volume: Amkor Technology Inc (AMKR) – Sparta Review (spartareview.com)
- Hussman Strategic Advisors Inc. Increases Position in Amkor Technology, Inc. (AMKR) (fishinghd.com)
- IHS Markit Score categories are mixed for Amkor Technology Inc shares. While there was an improvement in demand for ETFs holding this stock, its creditworthiness fell. (finance.yahoo.com)
- Average Price Target Of 8.75 Issued For Amkor Technology, Inc. (NASDAQ:AMKR) (ismboard.com)
- IHS Markit Score Update: Drop in demand for ETFs holding Amkor Technology Inc is a negative sign for its shares (finance.yahoo.com)
Shares of Amkor Technology (NASDAQ AMKR) traded up 2.34% during midday trading on Friday, hitting $8.73. 1,124,880 shares of the stock were exchanged. Amkor Technology has a 1-year low of $8.41 and a 1-year high of $12.48. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 7.88 and a beta of 2.52. The stock’s 50-day moving average price is $10.00 and its 200-day moving average price is $10.70.
Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, July 31st. The semiconductor company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. The business had revenue of $989 million during the quarter, compared to analyst estimates of $996.10 million. Amkor Technology had a return on equity of 12.95% and a net margin of 6.63%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 EPS. On average, analysts forecast that Amkor Technology will post $0.54 EPS for the current year.
Several research firms have commented on AMKR. Deutsche Bank AG reiterated a “hold” rating and issued a $10.50 price objective (down from $12.00) on shares of Amkor Technology in a report on Tuesday, August 1st. BidaskClub cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. ValuEngine raised shares of Amkor Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Tuesday, May 2nd. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $12.25.
In other news, Director Roger Anthony Carolin sold 10,000 shares of Amkor Technology stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $12.05, for a total transaction of $120,500.00. Following the completion of the sale, the director now owns 39,476 shares in the company, valued at approximately $475,685.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen Douglas Kelley sold 108,510 shares of Amkor Technology stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $12.11, for a total value of $1,314,056.10. Following the sale, the insider now owns 310,460 shares of the company’s stock, valued at approximately $3,759,670.60. The disclosure for this sale can be found here. Insiders have sold a total of 131,912 shares of company stock valued at $1,581,978 in the last ninety days. Insiders own 58.10% of the company’s stock.
Amkor Technology Company Profile
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; size, thickness and electrical, and mechanical and thermal performance.
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