Amkor Technology, Inc. (NASDAQ:AMKR) has been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $7.75.

A number of equities analysts recently issued reports on AMKR shares. BidaskClub cut shares of Amkor Technology from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 18th. Zacks Investment Research cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. ValuEngine upgraded shares of Amkor Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, TheStreet cut shares of Amkor Technology from a “b-” rating to a “c” rating in a research report on Wednesday, May 22nd.

In related news, insider John Charles Stone sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $8.64, for a total transaction of $216,000.00. Following the completion of the transaction, the insider now directly owns 50,722 shares in the company, valued at approximately $438,238.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 59.60% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of AMKR. Marshall Wace North America L.P. bought a new stake in shares of Amkor Technology in the 1st quarter valued at $417,000. BlueMountain Capital Management LLC boosted its stake in shares of Amkor Technology by 4,391.1% in the 1st quarter. BlueMountain Capital Management LLC now owns 51,782 shares of the semiconductor company’s stock valued at $442,000 after purchasing an additional 50,629 shares during the last quarter. CWM Advisors LLC boosted its stake in shares of Amkor Technology by 21.6% in the 1st quarter. CWM Advisors LLC now owns 17,640 shares of the semiconductor company’s stock valued at $151,000 after purchasing an additional 3,133 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in shares of Amkor Technology by 37.4% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 35,912 shares of the semiconductor company’s stock valued at $307,000 after purchasing an additional 9,782 shares during the last quarter. Finally, Man Group plc bought a new stake in shares of Amkor Technology in the 1st quarter valued at $1,841,000. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:AMKR traded down $0.16 during midday trading on Wednesday, hitting $7.21. The stock had a trading volume of 510,749 shares, compared to its average volume of 980,341. The stock has a market capitalization of $1.69 billion, a PE ratio of 13.60 and a beta of 2.02. The company has a current ratio of 1.36, a quick ratio of 1.21 and a debt-to-equity ratio of 0.70. Amkor Technology has a fifty-two week low of $5.72 and a fifty-two week high of $9.74.

Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.06. The company had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $883.32 million. Amkor Technology had a net margin of 2.26% and a return on equity of 6.03%. The business’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 EPS. On average, research analysts predict that Amkor Technology will post 0.19 EPS for the current fiscal 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.

Further Reading: How can investors find ex-dividend dates?

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.