Amkor Technology (AMKR) Upgraded to “Sell” by BidaskClub
BidaskClub upgraded shares of Amkor Technology (NASDAQ:AMKR) from a strong sell rating to a sell rating in a report issued on Tuesday.
AMKR has been the subject of a number of other research reports. ValuEngine cut Amkor Technology from a hold rating to a sell rating in a report on Friday, September 7th. Zacks Investment Research upgraded Amkor Technology from a sell rating to a hold rating in a report on Friday, May 25th. Finally, Deutsche Bank lifted their price target on Amkor Technology from $9.50 to $10.00 and gave the stock a hold rating in a report on Tuesday, July 31st. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $9.38.
Amkor Technology stock opened at $7.74 on Tuesday. Amkor Technology has a 52 week low of $7.30 and a 52 week high of $11.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.05. The stock has a market cap of $1.85 billion, a P/E ratio of 13.34 and a beta of 2.50.
Several large investors have recently modified their holdings of AMKR. Wells Fargo & Company MN boosted its holdings in shares of Amkor Technology by 45.5% during the first quarter. Wells Fargo & Company MN now owns 255,799 shares of the semiconductor company’s stock worth $2,592,000 after acquiring an additional 80,009 shares during the period. Mackay Shields LLC bought a new stake in shares of Amkor Technology during the first quarter worth approximately $1,077,000. Trexquant Investment LP bought a new stake in shares of Amkor Technology during the first quarter worth approximately $204,000. American Century Companies Inc. boosted its holdings in shares of Amkor Technology by 1.6% during the first quarter. American Century Companies Inc. now owns 457,429 shares of the semiconductor company’s stock worth $4,634,000 after acquiring an additional 7,290 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of Amkor Technology by 30.2% during the first quarter. Prudential Financial Inc. now owns 1,754,044 shares of the semiconductor company’s stock worth $17,769,000 after acquiring an additional 407,090 shares during the period. Institutional investors own 37.37% of the company’s stock.
About Amkor Technology
Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services.
Further Reading: Outstanding Shares and The Effect on Share Price
Receive News & Ratings for Amkor Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amkor Technology and related companies with MarketBeat.com's FREE daily email newsletter.