Amkor Technology, Inc. (NASDAQ:AMKR) has been given an average rating of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $7.75.

A number of equities analysts recently commented on the stock. BidaskClub cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Zacks Investment Research upgraded shares of Amkor Technology from a “hold” rating to a “strong-buy” rating and set a $9.25 target price on the stock in a research report on Tuesday, May 7th. Finally, ValuEngine cut shares of Amkor Technology from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th.

In other Amkor Technology news, insider John Charles Stone sold 25,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $8.64, for a total value of $216,000.00. Following the transaction, the insider now owns 50,722 shares in the company, valued at $438,238.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Winston J. Churchill sold 17,476 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $9.42, for a total transaction of $164,623.92. Following the completion of the transaction, the director now owns 16,000 shares in the company, valued at approximately $150,720. The disclosure for this sale can be found here. 59.60% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Quantamental Technologies LLC purchased a new position in shares of Amkor Technology in the fourth quarter valued at about $48,000. Hennessy Advisors Inc. purchased a new position in shares of Amkor Technology in the fourth quarter valued at about $70,000. M&T Bank Corp purchased a new position in shares of Amkor Technology in the fourth quarter valued at about $72,000. NumerixS Investment Technologies Inc increased its position in shares of Amkor Technology by 81.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 11,400 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 5,100 shares during the period. Finally, Blueshift Asset Management LLC purchased a new position in shares of Amkor Technology in the fourth quarter valued at about $92,000. Hedge funds and other institutional investors own 37.74% of the company’s stock.

Shares of Amkor Technology stock traded up $0.05 on Friday, hitting $7.25. 1,039,359 shares of the company traded hands, compared to its average volume of 970,249. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.21 and a current ratio of 1.36. The stock has a market cap of $1.75 billion, a P/E ratio of 13.68 and a beta of 1.91. Amkor Technology has a 12-month low of $5.72 and a 12-month high of $9.74.

Amkor Technology (NASDAQ:AMKR) last posted its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.06. The firm had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $883.32 million. Amkor Technology had a net margin of 2.26% and a return on equity of 6.03%. The business’s quarterly revenue was down 12.7% on a year-over-year basis. During the same quarter last year, the company posted $0.04 EPS. On average, analysts predict that Amkor Technology will post 0.19 earnings per share for the current 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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