Amkor Technology (NASDAQ:AMKR) was upgraded by equities research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report released on Monday, Marketbeat reports. The firm currently has a $16.00 price objective on the semiconductor company’s stock. Credit Suisse Group’s target price would indicate a potential upside of 40.23% from the stock’s previous close.

AMKR has been the topic of several other research reports. reaffirmed a “sell” rating on shares of Amkor Technology in a research report on Tuesday, June 9th. ValuEngine cut shares of Amkor Technology from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 3rd. TheStreet raised shares of Amkor Technology from a “c+” rating to a “b-” rating in a research report on Wednesday, June 17th. Zacks Investment Research raised shares of Amkor Technology from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, July 29th. Finally, BidaskClub cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Amkor Technology has a consensus rating of “Hold” and an average price target of $13.04.

AMKR stock opened at $11.41 on Monday. The stock has a market capitalization of $2.79 billion, a PE ratio of 10.21 and a beta of 1.83. The company’s 50-day moving average is $12.74 and its 200-day moving average is $10.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.83 and a quick ratio of 1.59. Amkor Technology has a 1 year low of $5.40 and a 1 year high of $15.80.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, July 27th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.25. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Amkor Technology had a net margin of 5.94% and a return on equity of 13.54%. The business’s revenue was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS. On average, analysts anticipate that Amkor Technology will post 1 earnings per share for the current fiscal year.

In other Amkor Technology news, CFO Megan Faust sold 50,000 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $15.40, for a total value of $770,000.00. Following the completion of the sale, the chief financial officer now owns 57,219 shares in the company, valued at approximately $881,172.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 63,500 shares of company stock valued at $939,785. Company insiders own 59.30% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Amkor Technology by 18.9% during the 2nd quarter. Vanguard Group Inc. now owns 11,610,341 shares of the semiconductor company’s stock worth $142,924,000 after purchasing an additional 1,849,597 shares during the last quarter. LSV Asset Management increased its stake in shares of Amkor Technology by 102.1% during the 2nd quarter. LSV Asset Management now owns 4,441,086 shares of the semiconductor company’s stock worth $54,669,000 after purchasing an additional 2,243,541 shares during the last quarter. Morgan Stanley grew its stake in Amkor Technology by 50.9% in the 1st quarter. Morgan Stanley now owns 1,300,925 shares of the semiconductor company’s stock valued at $10,135,000 after buying an additional 438,819 shares in the last quarter. Invesco Ltd. grew its stake in Amkor Technology by 6.9% in the 1st quarter. Invesco Ltd. now owns 1,026,354 shares of the semiconductor company’s stock valued at $7,996,000 after buying an additional 66,501 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Amkor Technology by 27.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 992,395 shares of the semiconductor company’s stock valued at $12,217,000 after buying an additional 216,105 shares in the last quarter. Institutional investors own 39.06% 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.

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