According to Zacks, “Amkor is the world’s largest independent provider of semiconductor packaging and test services. Also, the company is one of the leading developers of advanced semiconductor packaging and test technology. The company offers one of the industry’s broadest integrated sets of packaging and test services, which are the final procedures necessary to prepare semiconductor devices for further use. Its customers outsource the packaging and testing of semiconductor chips to the company in order to benefit from the our expertise in the development and implementation. “
AMKR has been the subject of a number of other research reports. Deutsche Bank AG increased their target price on shares of Amkor Technology from $6.00 to $7.50 and gave the company a hold rating in a research report on Tuesday, August 2nd. Citigroup Inc. increased their target price on shares of Amkor Technology from $5.00 to $6.20 and gave the company a sell rating in a research report on Wednesday, August 3rd. Finally, Credit Suisse Group AG reiterated a neutral rating on shares of Amkor Technology in a research report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $7.36.
Shares of Amkor Technology (NASDAQ:AMKR) opened at 9.96 on Tuesday. The firm has a market cap of $2.36 billion, a PE ratio of 88.14 and a beta of 2.30. Amkor Technology has a 52 week low of $4.09 and a 52 week high of $9.99. The company has a 50 day moving average of $9.24 and a 200 day moving average of $6.94.
Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings results on Monday, August 1st. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.10. The business earned $917 million during the quarter, compared to analyst estimates of $876.28 million. Amkor Technology had a net margin of 0.72% and a return on equity of 3.00%. The company’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. On average, equities research analysts anticipate that Amkor Technology will post $0.42 EPS for the current fiscal year.
In other Amkor Technology news, insider John Charles Stone sold 6,600 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $9.25, for a total value of $61,050.00. Following the completion of the sale, the insider now directly owns 6,600 shares of the company’s stock, valued at approximately $61,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James W. Zug sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $7.56, for a total transaction of $75,600.00. Following the completion of the sale, the director now directly owns 55,828 shares of the company’s stock, valued at $422,059.68. The disclosure for this sale can be found here. 58.70% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of AMKR. BNP Paribas Arbitrage SA increased its stake in shares of Amkor Technology by 46.2% in the third quarter. BNP Paribas Arbitrage SA now owns 13,193 shares of the company’s stock worth $128,000 after buying an additional 4,172 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Amkor Technology during the second quarter worth $137,000. Principal Financial Group Inc. increased its stake in shares of Amkor Technology by 31.0% in the second quarter. Principal Financial Group Inc. now owns 25,064 shares of the company’s stock worth $144,000 after buying an additional 5,925 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Amkor Technology during the second quarter worth $144,000. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Amkor Technology during the second quarter worth $239,000. 31.95% of the stock is owned by institutional investors.
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 employed, size, thickness and electrical, and mechanical and thermal performance.
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