BidaskClub downgraded shares of Amkor Technology (NASDAQ:AMKR) from a hold rating to a sell rating in a report released on Thursday.
Several other brokerages have also commented on AMKR. ValuEngine lowered shares of Amkor Technology from a buy rating to a hold rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of Amkor Technology from a hold rating to a sell rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $10.50.
Shares of Amkor Technology (NASDAQ AMKR) traded down $0.04 on Thursday, reaching $10.47. 540,500 shares of the company’s stock traded hands, compared to its average volume of 931,922. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.79. The firm has a market cap of $2,505.26, a PE ratio of 9.61 and a beta of 2.62. Amkor Technology has a 12 month low of $8.32 and a 12 month high of $12.48.
Several hedge funds and other institutional investors have recently modified their holdings of AMKR. Verition Fund Management LLC purchased a new stake in shares of Amkor Technology during the 2nd quarter worth $108,000. Amalgamated Bank boosted its position in shares of Amkor Technology by 2.8% in the 2nd quarter. Amalgamated Bank now owns 12,910 shares of the semiconductor company’s stock worth $126,000 after buying an additional 349 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new stake in shares of Amkor Technology in the 2nd quarter worth about $130,000. Optimum Investment Advisors purchased a new stake in shares of Amkor Technology in the 2nd quarter worth about $144,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Amkor Technology in the 3rd quarter worth about $150,000. Institutional investors own 39.38% of the company’s stock.
About Amkor Technology
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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