Shares of Amkor Technology, Inc. (NASDAQ:AMKR) have been given an average recommendation of “Sell” by the seven research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $7.00.

AMKR has been the subject of a number of analyst reports. ValuEngine downgraded Amkor Technology from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research downgraded Amkor Technology from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. TheStreet cut Amkor Technology from a “b-” rating to a “c+” rating in a research report on Friday, October 19th. Citigroup cut their price objective on Amkor Technology from $8.50 to $7.00 and set a “sell” rating for the company in a research report on Wednesday, October 31st. Finally, BidaskClub upgraded Amkor Technology from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 18th.

Several institutional investors have recently bought and sold shares of the company. Schroder Investment Management Group increased its position in shares of Amkor Technology by 7.8% in the second quarter. Schroder Investment Management Group now owns 86,483 shares of the semiconductor company’s stock valued at $743,000 after buying an additional 6,267 shares in the last quarter. IndexIQ Advisors LLC increased its position in shares of Amkor Technology by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 224,407 shares of the semiconductor company’s stock valued at $1,658,000 after buying an additional 8,475 shares in the last quarter. First Trust Advisors LP increased its position in shares of Amkor Technology by 3.7% in the second quarter. First Trust Advisors LP now owns 238,912 shares of the semiconductor company’s stock valued at $2,052,000 after buying an additional 8,488 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Amkor Technology by 4.9% in the third quarter. Teachers Advisors LLC now owns 204,816 shares of the semiconductor company’s stock valued at $1,514,000 after buying an additional 9,583 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Amkor Technology by 4.5% during the third quarter. Wells Fargo & Company MN now owns 259,034 shares of the semiconductor company’s stock worth $1,915,000 after purchasing an additional 11,139 shares in the last quarter. Institutional investors and hedge funds own 38.21% of the company’s stock.

Shares of NASDAQ:AMKR opened at $6.28 on Friday. Amkor Technology has a 12-month low of $5.72 and a 12-month high of $11.68. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 10.06 and a beta of 2.19. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.38 and a quick ratio of 1.18.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, October 29th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.06. Amkor Technology had a return on equity of 8.97% and a net margin of 4.55%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $0.25 earnings per share. Amkor Technology’s revenue for the quarter was down .8% on a year-over-year basis. On average, sell-side analysts anticipate that Amkor Technology will post 0.49 EPS for the current year.

Amkor Technology Company Profile

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.

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