Amkor Technology, Inc. (NASDAQ:AMKR) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $7.00.
A number of research firms recently issued reports on AMKR. BidaskClub cut Amkor Technology from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Zacks Investment Research cut Amkor Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Finally, TheStreet raised Amkor Technology from a “c” rating to a “b-” rating in a research report on Friday, January 25th.
In other Amkor Technology news, Director Winston J. Churchill sold 17,476 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $9.42, for a total transaction of $164,623.92. Following the transaction, the director now directly owns 16,000 shares in the company, valued at $150,720. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Roger Anthony Carolin sold 20,000 shares of the firm’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $9.36, for a total value of $187,200.00. Following the transaction, the director now owns 54,176 shares in the company, valued at $507,087.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,476 shares of company stock worth $567,824. Corporate insiders own 59.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of AMKR. Quantamental Technologies LLC bought a new position in Amkor Technology during the fourth quarter valued at about $48,000. Hennessy Advisors Inc. bought a new position in Amkor Technology during the fourth quarter valued at about $70,000. M&T Bank Corp bought a new position in Amkor Technology during the fourth quarter valued at about $72,000. NumerixS Investment Technologies Inc raised its holdings in Amkor Technology by 81.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 11,400 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 5,100 shares in the last quarter. Finally, Blueshift Asset Management LLC bought a new position in Amkor Technology during the fourth quarter valued at about $92,000. Institutional investors own 38.41% of the company’s stock.
Shares of Amkor Technology stock remained flat at $$9.03 during midday trading on Tuesday. The stock had a trading volume of 637,066 shares, compared to its average volume of 618,353. The firm has a market capitalization of $2.16 billion, a PE ratio of 17.04 and a beta of 1.91. The company has a current ratio of 1.44, a quick ratio of 1.24 and a debt-to-equity ratio of 0.66. Amkor Technology has a 1-year low of $5.72 and a 1-year high of $10.14.
Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, February 11th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Amkor Technology had a return on equity of 7.07% and a net margin of 2.94%. As a group, research analysts anticipate that Amkor Technology will post 0.1 earnings per share for the current fiscal year.
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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