Amkor Technology (NASDAQ:AMKR) had its target price trimmed by Deutsche Bank from $10.00 to $7.00 in a research note issued to investors on Tuesday. The firm currently has a hold rating on the semiconductor company’s stock.
Several other research analysts have also recently commented on the stock. ValuEngine cut shares of Amkor Technology from a sell rating to a strong sell rating in a research report on Tuesday, October 2nd. BidaskClub cut shares of Amkor Technology from a hold rating to a sell rating in a research report on Wednesday, August 22nd. TheStreet cut shares of Amkor Technology from a b- rating to a c+ rating in a research report on Friday, October 19th. Credit Suisse Group restated a neutral rating on shares of Amkor Technology in a research report on Wednesday, October 17th. Finally, Zacks Investment Research cut shares of Amkor Technology from a hold rating to a sell rating in a research report on Wednesday, August 1st. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Amkor Technology currently has an average rating of Sell and a consensus target price of $7.00.
NASDAQ AMKR opened at $7.14 on Tuesday. Amkor Technology has a 52 week low of $5.72 and a 52 week high of $11.68. The company has a quick ratio of 1.05, a current ratio of 1.26 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 12.31 and a beta of 2.18.
Amkor Technology (NASDAQ:AMKR) last posted its earnings results on Monday, October 29th. The semiconductor company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. Amkor Technology had a net margin of 4.55% and a return on equity of 9.08%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. Amkor Technology’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities analysts expect that Amkor Technology will post 0.49 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. GAM Holding AG bought a new position in shares of Amkor Technology in the second quarter valued at approximately $100,000. Fox Run Management L.L.C. bought a new position in shares of Amkor Technology in the third quarter valued at approximately $132,000. Xact Kapitalforvaltning AB boosted its holdings in shares of Amkor Technology by 71.6% in the first quarter. Xact Kapitalforvaltning AB now owns 24,676 shares of the semiconductor company’s stock valued at $250,000 after acquiring an additional 10,300 shares in the last quarter. Unison Advisors LLC bought a new position in shares of Amkor Technology in the second quarter valued at approximately $281,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Amkor Technology by 139.0% in the second quarter. Meeder Asset Management Inc. now owns 40,940 shares of the semiconductor company’s stock valued at $352,000 after acquiring an additional 23,811 shares in the last quarter. Institutional investors and hedge funds own 37.45% of the company’s stock.
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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