Amkor Technology (AMKR) Upgraded to “Outperform” at Credit Suisse Group

Amkor Technology (NASDAQ:AMKR) was upgraded by equities researchers at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, MarketBeat.com reports.

Several other research firms also recently issued reports on AMKR. Zacks Investment Research downgraded shares of Amkor Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. ValuEngine downgraded shares of Amkor Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub downgraded shares of Amkor Technology from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $10.50.

Shares of Amkor Technology (NASDAQ:AMKR) opened at $10.31 on Tuesday. Amkor Technology has a twelve month low of $8.32 and a twelve month high of $12.48. The stock has a market cap of $2,399.97, a P/E ratio of 17.60 and a beta of 2.52. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.16 and a quick ratio of 0.92.

Amkor Technology (NASDAQ:AMKR) last released its earnings results on Monday, February 12th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. Amkor Technology had a net margin of 6.23% and a return on equity of 9.08%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. Amkor Technology’s revenue was up 12.3% compared to the same quarter last year. equities analysts anticipate that Amkor Technology will post 0.78 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantitative Systematic Strategies LLC purchased a new stake in Amkor Technology during the fourth quarter worth approximately $107,000. Verition Fund Management LLC purchased a new stake in Amkor Technology during the second quarter worth approximately $108,000. M&T Bank Corp purchased a new stake in Amkor Technology during the fourth quarter worth approximately $111,000. Regentatlantic Capital LLC purchased a new stake in Amkor Technology during the fourth quarter worth approximately $113,000. Finally, Amalgamated Bank grew its stake in Amkor Technology by 2.8% during the second quarter. Amalgamated Bank now owns 12,910 shares of the semiconductor company’s stock worth $126,000 after buying an additional 349 shares during the period. Institutional investors own 39.57% of the company’s stock.

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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; size, thickness and electrical, and mechanical and thermal performance.

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