Amkor Technology (AMKR) Receives “Neutral” Rating from Credit Suisse Group

Credit Suisse Group reiterated their neutral rating on shares of Amkor Technology (NASDAQ:AMKR) in a report published on Wednesday morning, MarketBeat reports.

Several other equities research analysts have also issued reports on the stock. ValuEngine lowered shares of Amkor Technology from a sell rating to a strong sell rating in a research note on Tuesday, October 2nd. BidaskClub downgraded shares of Amkor Technology from a sell rating to a strong sell rating in a research report on Saturday, September 29th. Zacks Investment Research downgraded shares of Amkor Technology from a hold rating to a sell rating in a research report on Wednesday, August 1st. Finally, Deutsche Bank lifted their price objective on shares of Amkor Technology from $9.50 to $10.00 and gave the company a hold rating in a research report on Tuesday, July 31st. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Amkor Technology has a consensus rating of Sell and a consensus target price of $9.38.

AMKR stock traded down $0.36 during midday trading on Wednesday, hitting $6.36. The company’s stock had a trading volume of 114,542 shares, compared to its average volume of 1,005,305. The company has a current ratio of 1.26, a quick ratio of 1.05 and a debt-to-equity ratio of 0.69. Amkor Technology has a twelve month low of $6.61 and a twelve month high of $11.88. The firm has a market capitalization of $1.77 billion, a P/E ratio of 11.59 and a beta of 2.52.

Amkor Technology (NASDAQ:AMKR) last issued its quarterly earnings results on Monday, July 30th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. Amkor Technology had a net margin of 4.51% and a return on equity of 9.15%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business earned $0.14 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts forecast that Amkor Technology will post 0.56 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in AMKR. Dimensional Fund Advisors LP grew its position in shares of Amkor Technology by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,989,249 shares of the semiconductor company’s stock valued at $137,348,000 after acquiring an additional 539,780 shares during the period. BlackRock Inc. boosted its holdings in shares of Amkor Technology by 5.4% during the 2nd quarter. BlackRock Inc. now owns 7,715,303 shares of the semiconductor company’s stock worth $66,274,000 after buying an additional 394,139 shares during the period. Bank of Montreal Can boosted its holdings in shares of Amkor Technology by 3,365.7% during the 3rd quarter. Bank of Montreal Can now owns 347,260 shares of the semiconductor company’s stock worth $2,566,000 after buying an additional 337,240 shares during the period. Northern Trust Corp boosted its holdings in shares of Amkor Technology by 7.9% during the 2nd quarter. Northern Trust Corp now owns 3,457,914 shares of the semiconductor company’s stock worth $29,704,000 after buying an additional 252,447 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Amkor Technology by 17.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,255,596 shares of the semiconductor company’s stock worth $10,786,000 after buying an additional 183,532 shares during the period. 37.36% of the stock is owned by institutional investors.

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.

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