Amkor Technology (AMKR) Rating Increased to Sell at BidaskClub

BidaskClub upgraded shares of Amkor Technology (NASDAQ:AMKR) from a strong sell rating to a sell rating in a report published on Wednesday morning.

Several other research analysts have also recently weighed in on AMKR. Credit Suisse Group upgraded Amkor Technology from a neutral rating to an outperform rating in a research report on Tuesday, February 13th. ValuEngine cut Amkor Technology from a buy rating to a hold rating in a research report on Friday, December 1st. Finally, Zacks Investment Research cut Amkor Technology from a hold rating to a sell rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $10.50.

Shares of Amkor Technology (NASDAQ AMKR) opened at $10.13 on Wednesday. Amkor Technology has a twelve month low of $8.32 and a twelve month high of $12.48. The stock has a market capitalization of $2,430.00, a price-to-earnings ratio of 9.29 and a beta of 2.51. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.79.

Amkor Technology (NASDAQ:AMKR) last announced its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.06. Amkor Technology had a return on equity of 9.08% and a net margin of 6.23%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. equities research analysts expect that Amkor Technology will post 0.78 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in Amkor Technology by 4.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,647,937 shares of the semiconductor company’s stock worth $154,536,000 after buying an additional 678,213 shares during the period. Vanguard Group Inc. increased its position in Amkor Technology by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 13,289,262 shares of the semiconductor company’s stock worth $129,836,000 after buying an additional 405,622 shares during the period. LSV Asset Management increased its position in Amkor Technology by 0.7% during the 4th quarter. LSV Asset Management now owns 8,814,472 shares of the semiconductor company’s stock worth $88,585,000 after buying an additional 63,215 shares during the period. Northern Trust Corp increased its position in Amkor Technology by 2.0% during the 2nd quarter. Northern Trust Corp now owns 3,199,932 shares of the semiconductor company’s stock worth $31,264,000 after buying an additional 63,265 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Amkor Technology by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 2,916,678 shares of the semiconductor company’s stock worth $30,771,000 after purchasing an additional 176,975 shares during the period. Hedge funds and other institutional investors own 39.57% 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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