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.
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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