BidaskClub upgraded shares of Amkor Technology (NASDAQ:AMKR) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday morning, BidAskClub reports.
AMKR has been the subject of a number of other research reports. Zacks Investment Research upgraded Amkor Technology from a hold rating to a strong-buy rating and set a $9.25 target price for the company in a report on Tuesday, May 7th. ValuEngine cut Amkor Technology from a buy rating to a hold rating in a report on Thursday, May 9th. Finally, TheStreet cut Amkor Technology from a b- rating to a c rating in a report on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company. Amkor Technology has a consensus rating of Hold and a consensus price target of $7.75.
Shares of NASDAQ:AMKR opened at $6.86 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.36 and a quick ratio of 1.21. Amkor Technology has a 1 year low of $5.72 and a 1 year high of $9.74. The stock has a market cap of $1.74 billion, a PE ratio of 12.94 and a beta of 2.02.
Amkor Technology (NASDAQ:AMKR) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.06. Amkor Technology had a return on equity of 6.03% and a net margin of 2.26%. The business had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $883.32 million. During the same quarter in the previous year, the business earned $0.04 EPS. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. As a group, sell-side analysts forecast that Amkor Technology will post 0.19 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMKR. Quantamental Technologies LLC purchased a new position in Amkor Technology in the 4th quarter worth approximately $48,000. M&T Bank Corp purchased a new position in Amkor Technology in the 4th quarter worth approximately $72,000. NumerixS Investment Technologies Inc boosted its holdings in Amkor Technology by 81.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 11,400 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 5,100 shares during the period. Blueshift Asset Management LLC purchased a new position in Amkor Technology in the 4th quarter worth approximately $92,000. Finally, Stone Ridge Asset Management LLC purchased a new position in Amkor Technology in the 4th quarter worth approximately $107,000. Hedge funds and other institutional investors own 38.13% 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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