BidaskClub upgraded shares of Amkor Technology (NASDAQ:AMKR) from a sell rating to a hold rating in a report published on Friday morning.
Several other research analysts also recently commented on AMKR. ValuEngine upgraded Amkor Technology from a hold rating to a buy rating in a research note on Wednesday, February 14th. Credit Suisse Group upgraded Amkor Technology from a neutral rating to an outperform rating in a research note on Tuesday, February 13th. Finally, Zacks Investment Research downgraded Amkor Technology from a hold rating to a strong sell rating in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Amkor Technology has a consensus rating of Hold and a consensus target price of $10.50.
Amkor Technology (NASDAQ AMKR) opened at $11.51 on Friday. The firm has a market capitalization of $2,750.00, a P/E ratio of 12.65 and a beta of 2.42. Amkor Technology has a 1 year low of $8.32 and a 1 year high of $12.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.97 and a current ratio of 1.21.
In other news, Director Winston J. Churchill sold 60,000 shares of Amkor Technology stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $11.36, for a total transaction of $681,600.00. Following the completion of the transaction, the director now directly owns 48,776 shares in the company, valued at approximately $554,095.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 58.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Quantitative Systematic Strategies LLC bought a new position in shares of Amkor Technology during the 4th quarter worth approximately $107,000. M&T Bank Corp bought a new stake in Amkor Technology in the 4th quarter valued at $111,000. Regentatlantic Capital LLC bought a new stake in Amkor Technology in the 4th quarter valued at $113,000. Xact Kapitalforvaltning AB bought a new stake in Amkor Technology in the 4th quarter valued at $144,000. Finally, CAPROCK Group Inc. bought a new stake in Amkor Technology in the 4th quarter valued at $148,000. Institutional investors own 40.24% of the company’s stock.
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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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